Status & is not released for routings

What causes this issue?

You want to allocate a material component to the selected operation.
This is only possible if the BOM has a status for which the indicator
<LS>Released for work scheduling</> is set in Customizing (BOM status).
The BOM you want to allocate to the operation has status &V1&. The
indicator is not defined for this status.

How to fix this error?

You cannot allocate the operation to this BOM until:
this BOM is given a status with the indicator <LS>Released for work
scheduling</>
the settings in Customizing (BOM status) are change to include this
indicator for the selected status

Error message extract from SAP system. Copyright SAP SE.