WORKAROUND:
Run @@servername in SSMS query analyzer. If the name is different than what is registered in SSMS, the deletion will fail.
This may be altered in the GUI console by opening the Fast Compression Maintenance Plan and selecting "Manage Connections" | Edit
Note: Local Connections may not be edited. See attached screenshot
Get the value from SELECT @@SERVERNAME
EXEC sp_dropserver '<current servername>'
EXEC sp_addserver '<result from the SELECT @@SERVERNAME>, 'local'
After running these procedures you need to restart the SQL Server.
