I suggest reviewing the other components that the installer is looking. One of the developers listed other required updates that may cause the installer to stop on that particular error.
Dell EMC, Enterprise Engineer
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If the KB is already installed on the system, I recommend to try the following.
Extract the installer zip and navigate to ..\windows\ManagementStation, run following command in the path and see if the installation goes through.
This will install OME in passive/silent mode while installing all pending pre-requisites only.
Please get in touch with Dell Support for further assistance on this problem, unless you are open to try installation on another system. The problem could be specific to the system in question here.