In HPCM 11.1.2.x sometimes the issue happen when Hyperion Profitability and Cost Management (HPCM) service does not start.
To fix this follow the below steps.
1. Start HPCM manually to check if the problem is with the service or the configuration:
C:\Oracle\Middleware\user_projects\domains\EPMSystem\bin\ startManagedWebLogic.cmd Profitability2
2.If the above does work, then you can conclude that the issue is related to the service, in which case set the following under the window registry:
launch the registry and locate:
Change JVMOptionCount in registry from 43 to 42