Last few hours, I was struggling hard with our
distributed Development environment of Hyperion EPM V11.1.2.2.
Sometimes, workspace was opening and I was not able to
open any of HFM applications. I was getting some error.
To get clear idea, I generated diagnostic report.
Middleware_HOME\user_projects\epmsystem1\bin\validate.bat.
The diagnostic report was full of RED rows :-( 
All these errors were related to WEB-Libraries. I re-deployed HFM as well as Foundation and
re-generated diagnostic report. But no success :-(
Finally got a proper solution.
This issue is identified as a software defect and logged
as BUG 14343719 in version 11.1.2.2.
Workaround:
1. Stop
all the Hyperion services.
2. Go
to Foundation server and navigate to the location
MIDDLEWARE_HOME\oracle_common\common\templates\applications
3. Move
the 'oracle.bicomposer.slib_template_11.1.1.jar' file from
MIDDLEWARE_HOME\oracle_common\common\templates\applications
to
MIDDLEWARE_HOME\oracle_common\common\templates\
4. Restart
the services
Note: Do not re-deploy.
Afterwards, when diagnostic report is generated, it was
all green and successful.
Cheers :-) Evolve With Hyperion :-)
