Repaired Patch Management Solution 7.x per HOWTO47868 and found the PMImport failed with numerous error entries in the SMP Log Viewer; one for each bulletin being imported.
Also found the same error was thrown when opening the Console > Actions > Software > Patch Remediation Center; highlight Software Bulletin > Right-click > Download/Recreate Packages.
An unexpected exception occured (GUID: 74b5cf1e-d756-4ea1-8efd-83eaf5af9176) DataClassTable: Inv_Software_Update, Eception: System.Data.SqlClient.SqlException: Invalid object name 'Inv_Software_Update'
The repair was unable to successfully restore associations from the Inv_Software_Update table to the DataClass resources.
Worked through the following remedial steps: