Symptoms
Configuration analysis failed on "MSDTC Network Access"
Diagnoses
The error details indicated to check the following:
Network DTC Access: Checked
•Allow Remote Clients: Checked
•Allow Inbound: Checked
•Allow Outbound: Checked
Incoming Caller Authentication was however not checked.
DTC tester was also used but its results were successful.
https://support.microsoft.com/en-us/kb/293799_bookmark-4
Resolution
The Incoming Caller Authentication setting is a configuration requirement for K2's installation. Setting that resolved this issue.
http://help.k2.com/onlinehelp/K2blackpearl/ICG/current/webframe.html_MSDTC.html_tracksearch=Configure MSDTC