How To Fix TE055 - Unable to create a reduced portfolio hierarchy

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 055

• Message text: Unable to create a reduced portfolio hierarchy

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TE055 - Unable to create a reduced portfolio hierarchy ?

  The SAP error message TE055, "Unable to create a reduced portfolio hierarchy," typically occurs in the context of SAP Portfolio and Project Management (PPM) or related modules when there is an issue with the hierarchy structure of a portfolio. This error can arise due to various reasons, including data inconsistencies, missing configurations, or issues with the underlying data model.
  Causes:
  
  Data Inconsistencies: There may be inconsistencies in the data that prevent the system from creating a reduced hierarchy. This could include missing or incorrect entries in the portfolio or project data.
  Hierarchy Structure Issues: The existing hierarchy may not be properly defined, or there may be circular references or other structural issues that prevent the creation of a reduced hierarchy.
  Authorization Issues: The user may not have the necessary authorizations to create or modify the portfolio hierarchy.
  Configuration Issues: There may be missing or incorrect configuration settings in the system that affect how hierarchies are managed.
  Technical Errors: There could be underlying technical issues, such as database problems or system bugs.
  
  Solutions:
  
  Check Data Consistency: Review the data in the portfolio and project structures to ensure that all necessary entries are present and correct. Look for any inconsistencies or missing data.
  Review Hierarchy Structure: Analyze the existing hierarchy for any structural issues. Ensure that there are no circular references and that the hierarchy is properly defined.
  Authorization Check: Verify that the user attempting to create the hierarchy has the necessary authorizations. If not, work with your SAP security team to grant the required permissions.
  Configuration Review: Check the configuration settings related to portfolio management and hierarchies. Ensure that all necessary settings are correctly configured.
  Consult SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error. There may be patches or updates available that resolve known issues.
  Technical Support: If the issue persists, consider reaching out to SAP support for assistance. Provide them with detailed information about the error, including any relevant logs or screenshots.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CJ20N (Project Builder) or CJ40 (Project Planning) that may be involved in managing portfolios and hierarchies.
  Documentation: Review SAP documentation related to Portfolio and Project Management for best practices on managing hierarchies.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the TE055 error and implement a solution to resolve it.