NPE on build after Upgrade to IntelliJ IDEA 2024.3.2

Build and Auto-Build no longer work after an upgrade to IntelliJ IDEA 2024.3.2, i.e. I can not list all problems of my codebase.  The followin Exception is displayed. I there a way to resolve this on my end?

Executing pre-compile tasks…
java.lang.NullPointerException
    at com.intellij.compiler.server.impl.BuildProcessClasspathManager.getBuildProcessClasspath(BuildProcessClasspathManager.kt:70)
    at com.intellij.compiler.server.BuildManager.launchBuildProcess(BuildManager.java:1648)
    at com.intellij.compiler.server.BuildManager.lambda$scheduleBuild$17(BuildManager.java:1007)
    at com.intellij.openapi.progress.util.BackgroundTaskUtil.lambda$submitTask$8(BackgroundTaskUtil.java:266)
    at com.intellij.openapi.progress.util.BackgroundTaskUtil.lambda$createBackgroundTask$10(BackgroundTaskUtil.java:302)
    at com.intellij.openapi.progress.ProgressManager.lambda$runProcess$0(ProgressManager.java:98)
    at com.intellij.openapi.progress.impl.CoreProgressManager.lambda$runProcess$1(CoreProgressManager.java:223)
    at com.intellij.platform.diagnostic.telemetry.helpers.TraceKt.use(trace.kt:45)
    at com.intellij.openapi.progress.impl.CoreProgressManager.lambda$runProcess$2(CoreProgressManager.java:222)
    at com.intellij.openapi.progress.impl.CoreProgressManager.lambda$executeProcessUnderProgress$14(CoreProgressManager.java:674)
    at com.intellij.openapi.progress.impl.CoreProgressManager.registerIndicatorAndRun(CoreProgressManager.java:749)
    at com.intellij.openapi.progress.impl.CoreProgressManager.computeUnderProgress(CoreProgressManager.java:705)
    at com.intellij.openapi.progress.impl.CoreProgressManager.executeProcessUnderProgress(CoreProgressManager.java:673)
    at com.intellij.openapi.progress.impl.ProgressManagerImpl.executeProcessUnderProgress(ProgressManagerImpl.java:79)
    at com.intellij.openapi.progress.impl.CoreProgressManager.runProcess(CoreProgressManager.java:203)
    at com.intellij.openapi.progress.ProgressManager.runProcess(ProgressManager.java:98)
    at com.intellij.openapi.progress.util.BackgroundTaskUtil.lambda$createBackgroundTask$11(BackgroundTaskUtil.java:297)
    at java.base/java.util.concurrent.CompletableFuture$AsyncSupply.run(CompletableFuture.java:1768)
    at com.intellij.util.concurrency.ChildContext$runInChildContext$1.invoke(propagation.kt:101)
    at com.intellij.util.concurrency.ChildContext$runInChildContext$1.invoke(propagation.kt:101)
    at com.intellij.util.concurrency.ChildContext.runInChildContext(propagation.kt:107)
    at com.intellij.util.concurrency.ChildContext.runInChildContext(propagation.kt:101)
    at com.intellij.util.concurrency.ContextRunnable.run(ContextRunnable.java:27)
    at com.intellij.util.concurrency.BoundedTaskExecutor.doRun(BoundedTaskExecutor.java:249)
    at com.intellij.util.concurrency.BoundedTaskExecutor.access$200(BoundedTaskExecutor.java:30)
    at com.intellij.util.concurrency.BoundedTaskExecutor$1.executeFirstTaskAndHelpQueue(BoundedTaskExecutor.java:227)
    at com.intellij.util.ConcurrencyUtil.runUnderThreadName(ConcurrencyUtil.java:218)
    at com.intellij.util.concurrency.BoundedTaskExecutor$1.run(BoundedTaskExecutor.java:212)
    at java.base/java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1144)
    at java.base/java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:642)
    at java.base/java.util.concurrent.Executors$PrivilegedThreadFactory$1$1.run(Executors.java:735)
    at java.base/java.util.concurrent.Executors$PrivilegedThreadFactory$1$1.run(Executors.java:732)
    at java.base/java.security.AccessController.doPrivileged(AccessController.java:400)
    at java.base/java.util.concurrent.Executors$PrivilegedThreadFactory$1.run(Executors.java:732)
    at java.base/java.lang.Thread.run(Thread.java:1583)
Executing post-compile tasks…
Synchronizing output directories…
20/01/2025, 12:37 - Build completed with 1 error and 0 warnings in 279 ms