Release : 6.6, 6.7
Component : CA RELEASE AUTOMATION RELEASE OPERATIONS CENTER
As per analysis the identified cause for this issue is that in the Environments => Parameter Configuration, which is just a place holder. As the parameter isn't initialized so the action fails to update the value.
We need to set some default value to above parameters in Environments => Parameter Configuration so that the action "Update Collection environment parameter in deployment" running can overwrite the values. As the parameter is already initialized the action will update it successfully.
For example we have set "default" as value for all the parameters
Running the action now with above value will be able to successfully set the environment parameter values.