How To Fix K3047 - No reference cost estimate exists

SAP Error Message - Details

• Message type: E = Error

• Message class: K3 - Material Cost Estimate

• Message number: 047

• Message text: No reference cost estimate exists

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message K3047 - No reference cost estimate exists ?

  The SAP error message K3047 ("No reference cost estimate exists") typically occurs in the context of cost accounting and controlling when you are trying to create or process a cost estimate, but the system cannot find a reference cost estimate for the specified object (such as a material, production order, or cost center).
  Cause:
  
  Missing Reference Cost Estimate: The most common cause is that there is no existing reference cost estimate for the material or object you are trying to work with. This can happen if the cost estimate has not been created or if it has been deleted.
  Incorrect Configuration: The configuration settings in the controlling module may not be set up correctly, leading to the inability to find a reference cost estimate.
  Data Inconsistencies: There may be inconsistencies in the master data or transaction data that prevent the system from locating the reference cost estimate.
  Versioning Issues: If you are working with different versions of cost estimates, the version you are trying to access may not exist or may not be active.
  
  Solution:
  
  Create a Reference Cost Estimate: If no reference cost estimate exists, you will need to create one. This can be done through the transaction code CK11N (Create Cost Estimate with Quantity Structure) or CK40N (Create Cost Estimate for Material).
  Check Configuration: Review the configuration settings in the controlling module to ensure that everything is set up correctly. This includes checking the costing variant and valuation area settings.
  Verify Master Data: Ensure that the master data for the material or object is complete and accurate. Check for any missing or incorrect entries that could affect the cost estimate.
  Check Costing Versions: Make sure you are using the correct costing version. You can check this in the cost estimate settings and ensure that the version you are trying to access is active.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on creating and managing cost estimates.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CK11N, CK40N, CK24 (Display Cost Estimate), and CK13N (Display Cost Estimate with Quantity Structure).
  Costing Variants: Understand the role of costing variants in the cost estimation process, as they define how costs are calculated and which data is used.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to create or view cost estimates in the system.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP Controlling (CO) for further assistance.