SSIS Error Code DTS_E_CANNOTACQUIRECONNECTIONFROMCONNECTIONMANAGER

How often have you received the error below?

Error

SSIS Error Code DTS_E_CANNOTACQUIRECONNECTIONFROMCONNECTIONMANAGER.  The AcquireConnection method call to the connection manager “Ovott” failed with error code 0xC0202009.  There may be error messages posted before this with more information on why the AcquireConnection method call failed.

Very helpful, I know… Please excuse the sarcasm. I spent days trying to fix this error as I just installed some database drivers before building a new package. At first I thought it was the drivers, so I removed them. Long story short It cost me Repairing/uninstalling and reinstalling SQL Server 2008 R2 from different images around 9 times before I could get SSIS to open packages again, but this is a whole other story.

So after getting SSIS working again I thought, hey everything is back to normal. Tried executing the package and to my surprise I was still getting this error.

Problem

I have to mention that this error only occurs when you execute the package, when you do a preview everything works which makes it even more confusing, but this makes sense as configurations only apply when you execute the package.

The error was due to using Package Configurations for