PME installation with errors

What causes this issue?

In environment variable PME_HOME there is an incorrect link to the
PME application.

System Response

The PME cannot be started.

How to fix this error?

Check the above path specification for correctness.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.