General DNS/network issues
You should be able to successfully "ping" the SQL server from the computer that you are installing the Management Reporter services on.
Firewall or other network software/hardware blocking the connection
The range of dynamic ports on the SQL server may be blocked by a software or hardware firewall.
To view the range of dynamic ports on Windows Server 2008 and later, you can run the following on the SQL server from a command prompt:
netsh int ipv4 show dynamicport tcp
Article ID: 2717318 - Last Review: 6 Sep 2013 - Revision: 1