Why does a budgetary control enabled budget version remain in submitted status?

The Integrate Project Budget with Oracle Fusion Budgetary Control process doesn't complete successfully causing the budget version to remain in the Submitted status.

This happens due to any one of the following reasons:

• You don't have the necessary privilege to submit the Integrate Project Budget with Oracle Fusion Budgetary Control process. You need PJO_RUN_GENERATE_FINANCIAL_PRIV privilege to run the Integrate Project Budget with Oracle Fusion Budgetary Control process.

• The Integrate Project Budget with Oracle Fusion Budgetary Control process failed immediately due to system errors or upgrades. In this case, get help by logging a service request using My Oracle Support.