SharePoint Connection Error

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SharePoint Connection Error
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Cannot connect to the SharePoint Site: http://yoursharepointsite. Make sure that the site URL is valid, that the Sharrepoint si running on the local computer, and that the current user has the necessary permissions to access the site.

Additional information:

"Cannot connect to the SharePoint site: http://yoursharepointsite.. Make sure that this is a valid URL and the SharePoint site is running on the local computer. If you moved this project to a new computer or if the URL of the SharePoint site has changed since you created the project, update the site URL property of the project."

Resolution to this problem is.

1. Add current user as FARM administrator.
2. Add user as Site Collection administrator.
3. Give user permission on Database as DBO and DBO.OWNER on SharePoint_Config Database and site collection Content Database.

This will resolve the issue.