2827423 - Error : "AdminObjCreate" when installing BPC with SQL 2016 - BPC MS

Users get the following error when installing BPC MS 10.1 SP11 with SQL Server 2016 :

System Name] : Osoft.Services.Platform.YukonAdmin.Olap9Manager

[Message Type] : ErrorMessage

[Job Name] : AdminObjCreate

[DateTime] : 27.05.2019 09:35:39

[UserId] :

[Exception]

DetailMsg : {Cannot create ActiveX component.(Assembly:

OSoftSQL2005Admin.dll, Object:

Osoft.Services.Platform.YukonAdmin.Olap9Manager)}

==============[System Exception Tracing End ]==============

SAP Business Planning and Consolidation 10.1, version for Microsoft

SP12, SP 11 , KBA , EPM-BPC-MS , Microsoft Version , Problem