OpsMgr 2012 SP1: Reporting Installation Error: Unable to connect to the Data Access Service for this Management Server

Situation: When running the Operations Manager Installation for Reporting, an error is seen below at the Specify a Management Server page. Operating System = Server 2012 Operations Manager = OpsMgr 2012 SP1 Error: Specify a Management server Enter the name, of a Management server to be used by the Web console and reporting features only.…