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Project type 000000000000DFM - Initiative is not available for selection in project template create.

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We are on PPM S/4HANA release 1909. When we want to create a project template for the initiative, the project type "Initiative" (id is 000000000000DFM) does not appear in the drop down selection list for project type selection. It is active in the config. Has anyone have the same issue, or know how to solve this issue?

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