To edit local security settings
Open Local Security Settings
Do one of the following:
To edit Password Policy or Account Lockout Policy, in the console tree, click Account Policies.
To edit an Audit Policy, User Right Assignment, or Security Options, in the console tree, click Local Policies.
In the details pane, double-click the policy that you want to modify.
Make the changes you want and click OK.
To change other policies, repeat the two previous steps.
To open Local Security Policy, click Start, click Control Panel, click Performance and Maintenance, click Administrative Tools, and then double-click Local Security Policy.
If you would like to edit the security settings for file system, registry, and system services on the local computer, you must first edit the changes in the form of a security template and then configure the computer using Security Configuration and Analysis.