Recently I have changed my SharePoint site Administrator password

 

Recently I have changed my SharePoint site Administrator password. After that whenever I try to create web application it is giving error that Administrator password is wrong.
In this post we will see a quick fix how to resolve this issue

Password Error

Following is the error which I am getting while creating a new web application

Fixing the problem

Update the farm credentials so that SharePoint will update the new password where ever required

stsadm -o updatefarmcredentials -userlogin <domain\username> -password <newpassword>