What does the "Generate Request Pages" button do in Maximo Report Administration?

In Maximo 7.x, the “Generate Request Pages” function is available in the Go To>Administration>Reporting>Report Administration. It builds the REPLIBRARY presentation by reading values from the report and reportlookup tables. After the presentation is generated, it is imported, using the exact process that the Application Designer uses when a presentation is imported from the toolbar. maxpresentation is updated, the presentation is updated and the labels are imported into maxlabels.
Basically, it is just like an Application Designer import, but there is no source file, and the replibrary presentation is, essentially, the report dialogs (the Report List for each application, and the Request Page for each report).