How do you change the Directory Service Restore Mode aka DSRM password?

In Windows Server 2003 onwards, Directory Service Restore Mode password can be changed by Ntdsutil utility. Steps are as follows -

1. Click, Start, click Run, type ntdsutil, and then click OK.
2. At the Ntdsutil command prompt, type set dsrm password.
3. At the DSRM command prompt, type one of the following lines:

   To reset the password on the server on which you are working, type reset password on server null. The null variable assumes that the DSRM password is being reset on the local computer. Type the new password when you are prompted. Note that no characters appear while you type the password.

   -or-

   To reset the password for another server, type reset password on server servername, where servername is the DNS name for the server on which you are resetting the DSRM password. Type the new password when you are prompted. Note that no characters appear while you type the password.

4. At the DSRM command prompt, type q.
5. At the Ntdsutil command prompt, type q to exit.