Hello Brando,
I know this is quite late now to reply.
Adding this information so that if someone is facing same issue in future, can use this.
If you are facing highlighted issue, then after pushing the button 'Start Configurator', click on 'Display Configurator' and then use button 'Other Functions-> Create Enhancement'.
What I understand from reading various posts and after enhancing it in my system (SRM 713), from some higher Support Packs, SAP has provided this Enhancement option in FPM in Display mode only.
~Cheers,
Shyam