Fixing Step Download Timeout Error in LoadRunner

While working with Load Runner to Create load generation scripts we might encounter the following error:

Error -27726: Step download timeout (120 seconds) has expired

This error is returned when the timeout (which defaults to 120 seconds) limit is exceeded. This might happen due to network latency or slow response from the application.

To get over this you can increase the timeout limit. Open the load runner VuGen screen and Press the F4 key to open the Run-Time Settings screen. Alternately you can click the Replay --> Run-Time Settings screen option from the Menu Bar. 

Now click Preferences under Internet Protocol 
Click Options on the preferences screen to open the Advanced Options dialogue
Now scroll down to the Step download timeout (sec) section and set the Timeout Value to the desired level as shown in the image below.