Product:
Planning Analytics 2.0.97  (file tm1_winx64h_2.0.97.6_ml.tar)
(TM1_version=TM1-AW64-ML-RTM-11.0.97.6-0)
Microsoft Windows 2019 server

Issue:
Error when installing PA on Windows server.

Solution:

Uninstall Planning Analytics.

Go to control panel – administrative tools – services.

Go to Printer Spooler service, right click and select properties and change it to Automatic.

Click to start the Printer Spooler.

Run the installation of Planning Analytics again.

https://www.ibm.com/docs/en/planning-analytics/2.0.0?topic=configuration-installing-planning-analytics-local-single-computer

More information:

https://www.ibm.com/support/pages/tm1-install-generates-error-message-enummonitorsfailed-error-1722

https://www.ibm.com/docs/en/planning-analytics/2.0.0?topic=features-whats-new-in-planning-analytics

https://www.ibm.com/support/pages/ibm-planning-analytics-local-2097-now-available-download-fix-central