Invalid dimension in planning set &

What causes this issue?

The planning set &V1& contains an entry for the characteristic &V2&.
Profit center planning can only process planning sets with entries for
the characteristics "Profit center", "Sender profit center", "Account"
and "Functional area".

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Change your planning parameter. If possible, use the standard planning
sets
8A-PLANSET-1, 8A-PLANSET-2 or 8A-PLANSET-3.

Error message extract from SAP system. Copyright SAP SE.