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Even I am new to this. Here is what I did. I created 2 VM's with 1 NIC each in VMWare player installed Ubuntu 14.0 and followed the instructions that are mentioned in docs.openstack.org: http://docs.openstack.org/mitaka/install-guide-ubuntu/

1 VM has Compute installed on it and rest all components are installed on the other VM. off course, this needs a lot of resources so if you are trying to install on your desktop, you need good amount of physical RAM in your desktop. I have assigned 4GB of RAM to each VM.