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The Portal and Collector consoles are designed to be used by BMC Support only. We do not recommend that you change the password on the Consoles for the components.
If this is something that you still want to do, then I suggest that you open a case with BMC Support so that we can guide on the correct steps.
Thank you for your suggestion.
I have found out by myself, please correct me if I am wrong, We can change the server console user name and password by making the desired changes in the collector_policy (duplicating it first) and then using a encrypted password (encrypting with the help of passwordhash file) and then clicking to apply to all button