Hi,The issue is due to user doesn't have write permission to "C:\Program Files (x86)\Common Files\Mercury Interactive\Quality Center".
When we try to connect QTP 11 to ALM 11, QTP updates its connection settings and downloads connectivity components/wrapper files. So, perform following steps before executing tests directly from ALM/QC:
1. Log in to the PC with a user that has admin rights.
2. Right click the QTP icon and choose run as administrator
3. Once QTP starts, connect it to the ALM/QC using the QC connection icon.
The connectivity components/Wrapperfiles should download and install. It should also display message "Updating ALM/QC connection" or similar message.
Hope it'll solve your problem.
as it solved mine.======
Raj