Timeout Reached error Windows Service

Error message :'A timeout (30000 milliseconds) was reached while waiting for a transaction response from the Netman service'.

Log name: system
source : service control manager
event id : 7011
level : error
The same error might also happen for the services including 'ShellHWDetection', 'PcaSvc' and 'AntiVirScheduler'.Symbolic name to represent the error is 'EVENT_TRANSACT_TIMEOUT'.

I found the above error in event viewer.This error occured because the requested service fails to happen or respond within the defined timeout period (ie.default timeout period is 30000 milliseconds).
Below is the proof for this error,

Solution:
To solve this error change all the default timeout values for all services.To do this ,refer the steps followed below,

• Open regedit and in the Registry Editor, click the registry subkey HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control 
• In the details pane, locate the ServicesPipeTimeout entry, right-click that entry and then select Modify.
  
  Note: If the ServicesPipeTimeout entry does not exist, you must create it by selecting New on the Edit menu, followed by the DWORD Value, then typing ServicesPipeTimeout, and clicking Enter.
• Click Decimal, enter the new timeout value in milliseconds, and then click OK.
• Restart the computer.
• It is also recommended to verify that the service is configured properly and ensure that the system is in healthy state (i.e not running low on resources).