How to hide the task 'create Item' without removing the privilege 'Manage Item' in PD?

Summary:

Can anyone please let us know, if there is any other way to hide the task 'create Item' and also successfully run the Generate Item Structure Report under Product Management->Product Development->Tasks->Items instead of removing the privilege 'Manage Item' ?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

Code Snippet (add any code snippets that support your topic, if applicable):