Status cannot be presently changed in period &1/&2 (version &3)

What causes this issue?

Status changes are not possible at the moment, as another process is
updating status informationen in period &V1&/&V2& and version &V3& at
present.

System Response

Error message

How to fix this error?

Wait until the other task has been executed and then try it again.

Error message extract from SAP system. Copyright SAP SE.