Follow the steps as mentioned below:

1. First of all, create a project profile in Customizing. Use profile 1004 as a template to copy from, and tailor it to your needs.

2.Create the project profile TEST## 
Use profile 1004 to copy from.
Project System-Customizing
Structures-Operative Structures-Work Breakdown 
Structure (WBS)-Create Project Profile
Select the line containing profile 1004
Click the “Copy as ...” icon
Change the number and text of the project profile (as specified above)
Click the “Transfer Enter” icon

3.Change some of the settings in your profile (TEST##):
Select line with TEST##
Click the “Details” icon
Select various tab pages as shown below:

3.1 Control tab page:

Field Name : Values
Proj. type :CP
Only one root : Check this box
Proj. summ. MastDa :Check this box
Substitution group box : PSSUB01
WBS elements field : 
WBS sts. prof.: None
Project stock group box : Select this radiobutton
“valuated stock” radiobutton 
Automatic requirements grouping : Deselect this checkbox
Project summarization group box
All WBS elements : Check this box 
Leave other fields as they are.

3.2 Organization tab page:

Field Name:Values
Leave other fields as they are 
Plg board/dates tab page:
Field Name:Values
Sched. scenario :1
Leave other fields as they are.

3.3 Controlling tab page:

Field Name:Values
Budget profile:None
Leave other fields as they are 

Save your project profile, and exit the project profile transaction.

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