Event ID 10016 while settting up O365 PowerShell Script 4.2

When running the script for the first time the Scheduled Task does not run at the end of the script as expected.
In the Event log an error similar to the below appears:

The application-specific permission settings do not grant Local Activation permission for the COM Server application with CLSID 
{D63B10C5-BB46-4990-A94F-E40B9D520160}
 and APPID 
{9CA88EE3-ACB7-47C8-AFC4-AB702511C276}
 to the user NT AUTHORITY\LOCAL SERVICE SID (S-1-5-19) from address LocalHost (Using LRPC) running in the application container Unavailable SID (Unavailable). This security permission can be modified using the Component Services administrative tool.

This appears to be a Windows permissions issue.
Guidance can be found at:

https://https://answers.microsoft.com/en-us/windows/forum/windows_8-performance/event-id-10016-the-application-specific-permission/9ff8796f-c352-4da2-9322-5fdf8a11c81e

https://https://social.technet.microsoft.com/Forums/systemcenter/en-US/dfc465bc-7bbd-483e-b98b-2ba56fa98313/the-applicationspecific-permission-settings-do-not-grant-local-launch-permission-for-the-com-server?forum=configmgrgeneral

https://https://shauncassells.wordpress.com/2015/09/28/windows-10-event-10016-fix-the-application-specific-permission-settings-do-not-grant-local-activation-permission-for-the-com-server-application-with-clsid-d63b10c5-bb46-4990-a94f-e40b9d520160-and-a/