User gets an error saying "E:\Teamcenter\tc12\bin\tao_imr_locator.exe the system cannot find the drive specified".
This issue was a result of a bad input in the installation.
Once the user selects "Teamcenter Rich Client" like this below:
The user now needs to take the default value for the IIOP Server directory. (You can't leave it blank. It will not let you proceed with the install.)
In this case, the user has pointed to the server IIOP directory, hence throwing the error on startup.