OpenShift atomic-openshift-node service fails - Could not set up local quota

Issue

The atomic-openshift-node service fails to start due to the error:

# journalctl -u atomic-openshift-node

...
Jan 01 01:01:01 node1-openshift atomic-openshift-node[78795]: F0815 01:01:01.000001   78795 node.go:108] Could not set up local quota, /var/lib/origin/openshift.local.volumes is not on a filesystem mounted with the grpquota option
...

When the parameter is set in the inventory file:

openshift_node_local_quota_per_fsgroup=512Mi