Read errors out with "Cannot create queue" and "Error add user queue" (4330517)

Event_log  shows the following errors

Info     2016-01-21 08:17:13.097122 126491 1938818896 Reader exited with code=1, pid = 86732  (from sourceSID)

Error    2016-01-21 08:17:13.062889 86732 3083581264 Reader: Error add user queue rv=16 que_adduser(queue_name,0x0aed0565+PR+o.sourceSID+sp_ordr+o.sourceSID)  (from sourceSID) [module rim]

Notice   2016-01-21 08:17:13.054778 86732 3083581264 Reader: Shutdown SharePlex and increase the SP_QUE_MAX_QUEUES parameter  (from sourceSID) [module que]

Notice   2016-01-21 08:17:13.045557 86732 3083581264 Reader: Maximum number of queues already exist  (from sourceSID) [module que]

Notice   2016-01-21 08:17:12.986447 86732 3083581264 Reader: Cannot create queue queue_name  (from sourceSID) [module que]

Notice   2016-01-21 08:17:11.451237 86732 3083581264 Reader: Oracle Available  (from sourceSID) [module ord]

This issue is applicable to all queues, capture, read and post. In this solution we use the read process as an example.