The URL is not available, does not reference a SharePoint site, or you do not have permission to connect

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This is a handy thing to remember for an issue I just ran into. When you try to connect to a SharePoint URL from Dashboard Designer, you may see the following prompt:

“The URL is not available, does not reference a SharePoint site, or you do not have permission to connect”

To resolve the issue I had to ensure that the Service Account which was running PerformancePoint Services had been given owner-level access to the Content database.