Solution #1: In some rare instances, the prerequisite cannot installed until the workstation is rebooted, or cannot be installed by the Autodesk installer and must be installed manually from the media or by downloading the prerequisite directly from Microsoft's website. For more information about this solution, please visit this Autodesk KB link:
Solution #2: In most instances, the installation fails because the prerequisite already installed on the workstation is newer than the one supplied by the Autodesk installer. Because Windows will not allow an older version of the prerequisite to be installed, the installation aborts with a 1603 error in the installation log file.
The most direct method to resolve this issue is to remove the installed prerequisite from Windows from within the Control Panel. You can launch the Control Panel directly from the Start Menu or from the Run box by typing CONTROL and clicking OK.