2257600 - BPC10: Unable to load the dimension member sheet in the BPC Administration Client

When selecting the Maintain Dimension Members option from the Action Pane, Excel does not start and the member dimension sheet does not open.

The following error is generated in the BPC Admin Client log:

 ==============[System Error Tracing]==============
[Log ID]       : 8
[System  Name] : ActionPane
[Job Name]     : ActionPane::CheckOutlookSoftApp
[DateTime]     : 2015-12-04 09:17:14
[Exception]
    DetailMsg  : {System.NullReferenceException: GetLateBindedObj: Retrieving the COM class factory for component with CLSID {2C1BF594-90EB-433D-AEAB-8E516031AABD} failed due to the following error: 80070002.(Assembly: Unknown, Object: SAP.BPC.Consumers.Common.Process.MainProcess)
   at OSoft.Consumers.Common.ActionPane50.modGlobal.GetLateBindedObj(String strClassName)
   at OSoft.Consumers.Common.ActionPane50.ActionPane.CheckOutlookSoftApp()}
===========[System Error Tracing  End ]===========

• SAP Business Planning and Consolidation 10.0, version for Microsoft
• SAP Business Planning and Consolidation 10.1, version for Microsoft
• Microsoft Office 2010
• Microsoft Office 2013
• Microsoft Office 365

Office 365, Admin, EPM, modify dimension members or process a dimension, console , KBA , EPM-BPC-MS , Microsoft Version , Problem