How To Fix PRC_MESSAGES601 - Value formula with number & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: PRC_MESSAGES -

• Message number: 601

• Message text: Value formula with number & does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PRC_MESSAGES601 - Value formula with number & does not exist ?

  The SAP error message PRC_MESSAGES601, which states "Value formula with number & does not exist," typically occurs in the context of SAP's Project System (PS) or Controlling (CO) modules when the system is unable to find a specified value formula. This can happen for various reasons, such as configuration issues, missing entries, or incorrect references.
  Causes:
  
  Missing Value Formula: The specified value formula does not exist in the system. This could be due to it not being created or being deleted.
  Incorrect Configuration: The configuration settings for the value formula may not be set up correctly.
  Authorization Issues: The user may not have the necessary authorizations to access the value formula.
  Data Inconsistencies: There may be inconsistencies in the data that reference the value formula, such as incorrect assignment in the project or cost center.
  
  Solutions:
  
  
  Check Value Formula:
  
  Go to the relevant transaction (e.g., OKB9 for cost element planning) and check if the value formula exists.
  If it does not exist, you may need to create it or correct the reference in the configuration.
  
  
  
  Create or Modify Value Formula:
  
  If the value formula is missing, you can create it using the appropriate transaction (e.g., OKB9).
  Ensure that the formula is correctly defined and meets the requirements of your business processes.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the controlling area or project settings to ensure that the value formula is correctly assigned.
  Use transaction codes like OKEQ or OKKP to review and adjust the settings.
  
  
  
  Check Authorizations:
  
  Ensure that the user encountering the error has the necessary authorizations to access the value formula.
  Consult with your SAP security team if needed.
  
  
  
  Data Consistency Check:
  
  Perform a data consistency check to identify any inconsistencies that may be causing the error.
  Use transaction codes like KAH1 or KAH2 to check for inconsistencies in cost elements or other related data.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on value formulas and their configuration.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OKB9 (Define Value Formulas), OKEQ (Maintain Value Formula), and KAH1/KAH2 (Cost Element Planning).
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  If the problem persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.