While you try to create cost center, system will pop up message 'There is no standard hierachy in the controlling area ***' since you haven't set in customizing.
You need to do like as following
1.Create Cost center group via T-code KSH1
2.Set cost center group as CCR. standard hierarchy while maintaining the controlling area via T-code OKKP
3.Display or change standard hierarchy via T-code OKEON