How To Fix /PM0/ABR_PM_ERRORS354 - Final reported value for coverage &1 exceeds sum insured

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_ERRORS -

• Message number: 354

• Message text: Final reported value for coverage &1 exceeds sum insured

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 /PM0/ABR_PM_ERRORS354 - Final reported value for coverage &1 exceeds sum insured ?

  The SAP error message /PM0/ABR_PM_ERRORS354 Final reported value for coverage &1 exceeds sum insured typically occurs in the context of insurance or claims processing within the SAP system, particularly in the area of Project Management (PM) or Asset Management (AM). This error indicates that the final reported value for a specific coverage exceeds the total sum insured for that coverage.
  Cause:
  
  Data Entry Error: The final reported value for the coverage may have been entered incorrectly, leading to a value that exceeds the sum insured.
  Configuration Issues: There may be a misconfiguration in the insurance policy settings or coverage limits within the SAP system.
  Policy Limits: The sum insured may not have been updated to reflect changes in coverage or claims, leading to discrepancies.
  Calculation Errors: There could be issues with how the system calculates the final reported value or the sum insured.
  
  Solution:
  
  Verify Data Entry: Check the final reported value for the coverage in question and ensure it is accurate and within the limits of the sum insured.
  Review Policy Configuration: Ensure that the insurance policy and coverage limits are correctly configured in the system. This includes checking the sum insured and any related parameters.
  Update Sum Insured: If the coverage has legitimately increased, update the sum insured to reflect the new coverage limits.
  Consult Documentation: Review any relevant documentation or guidelines related to the insurance policy to ensure compliance with the established limits.
  System Configuration: If necessary, consult with your SAP administrator or technical team to review the configuration settings in the system that may be causing the error.
  Testing: After making any changes, conduct tests to ensure that the error does not recur and that the system processes the coverage correctly.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Documentation: Refer to user manuals or training materials specific to the insurance module in SAP for guidance on handling coverage and claims.
  Support: If the issue persists, consider reaching out to SAP support or your internal IT support team for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.