COBCH1781 <type-name> has no visible constructor with specified parameter name(s)

In the following example, there is no constructor with the named parameter param1. Either code an constructor that contains a named parameter called param1, or in this instance, rename the parameter paramx.

class-id runAlarm
method-id aSet.
  declare a1 as type runAlarm = new runAlarm(parameter param1 = "Alarm Set")
end method.
method-id new (paramx as string).
   display paramx
end method.
end class.