One of the risks identified during project planning activities is related to a component from...

In the context of project management, when a risk is identified related to a component from a preferred vendor, it’s important to have a risk mitigation strategy in place. Identifying an alternative component in case of incompatibility is a proactive approach that allows the project to continue without major disruptions if the risk materializes. This is part of risk management where you can mitigate risks by avoiding, accepting, reducing, or transferring them1. It’s also important to note that the choice of risk mitigation strategy should consider the impact and probability of the risk, the cost of the mitigation action, and the constraints of the project. References: 

https://www.coursera.org/articles/how-to-manage-project-risk

https://www.pmi.org/learning/library/delayed-projects-schedule-strategy-10148