Can't run memory access checking on Solaris sample project

Question

When I run memory access checking on the sample project provided by Oracle with Oracle Solaris Studio, I ran into this error message:

Please re-config Project memorychecks to be compiled with Oracle Solaris Studio12 Update 3 or higher.

I tried to change the compiler from gcc to cc, but the problem still exists.

Is it possible that the problem is with the Makefile?