Users with administrative privileges encounter the following error message when modifying Strategy Web preferences on the project defaults level.
The following privilege is required to access the resource you requested: administrator

The error is only encountered when the following two conditions are met:
The Web preference modification is still applied despite the error. This can be confirmed after dismissing the error message or refreshing the page.
This is a known issue with Strategy Web 2020. This issue has no impact on the correct functioning of Strategy Web as Web preferences are applied despite the error.