A routine update is easier to manage when you know how to check the result and return to a working version if something breaks.
Identify the pages that depend on the component being updated. Record the current version, take or confirm a recent backup and pick a time when someone can verify the site. Test on a staging copy when the update affects the theme, checkout or other important workflow.
After updating, check a public page and the specific feature at risk. Record the result and keep an eye on any new error message. If you need to roll back, use the recovery process you documented before making the change.