This is an FYI. I was receiving the following messages when trying to install Management Reporter 2012 for Dynamics SL 2011. My problem was that I was trying to do the install logged in as Administrator. You have to be logged in with the Domain Account that you created to take on the Administrator role for Management Reporter. I'm posting this because I spent a ton of time on other resolutions around these errors below, when I was simply not logged in as the correct user.
at Microsoft.Dynamics.Performance.Reporting.Security.Service.SecureServiceBase.SecureExecuteInternal[TResult](Func`1 hasPermission, Func`1 executor)
at Microsoft.Dynamics.Performance.Reporting.Common.Service.ServiceBase.BaseExecute[TResult](Func`1 executor)
8/1/2012 2:42:46 AM - System.ServiceModel.Security.SecurityAccessDeniedException: Access is denied.