How To Fix CBP015 - External model not successfully initialized for model &1 version &2

CBP015 - Overview

• Message type: E = Error

• Message class: CBP - Message class for CBP

• Message number: 015

• Message text: External model not successfully initialized for model &1 version &2

What causes this issue?

The Remote Function Call to the external planning system indicated,
that the external planning system was not properly initialized for the
model and version.

System Response

The model and version is marked as not initialized.

How to fix this error?

Contact you system administrator, check the failure of the external
planning system.

Error message extract from SAP system. Copyright SAP SE.

CBP015 - Details

• The SAP error message CBP015, which states "External model not successfully initialized for model &1 version &2," typically occurs in the context of SAP Business Planning and Consolidation (BPC) or SAP Integrated Business Planning (IBP). This error indicates that there was an issue initializing an external model, which can be due to various reasons.
  Causes:
  
  Model 
  Configuration Issues: The external model may not be properly configured in the system. This could include missing or incorrect settings in the model definition.
  Data Source Problems: The data source for the external model may be unavailable or incorrectly defined, leading to initialization failures.
  Version Issues: The specified version of the model may not exist or may not be active.
  Authorization Issues: The user may not have the necessary authorizations to access the external model or its data.
  Technical Errors: There could be underlying technical issues, such as connectivity problems with the database or issues with the BPC/IBP application itself.
  
  Solutions:
  
  Check