diff --git a/cmake/3rdParty.cmake b/cmake/3rdParty.cmake
index 4599c282f0..0142a6a4b6 100644
--- a/cmake/3rdParty.cmake
+++ b/cmake/3rdParty.cmake
@@ -305,7 +305,7 @@ endfunction()
 # \arg:3RDPARTY_ROOT_DIRECTORY custom 3rd party directory which needs to be installed
 function(ly_install_external_target 3RDPARTY_ROOT_DIRECTORY)
 
-    # Install the Find file to our <install_location>/cmake directory
+    # Install the Find file to our <install_location>/cmake/3rdParty directory
     ly_install_files(FILES ${CMAKE_CURRENT_LIST_FILE}
         DESTINATION cmake/3rdParty
     )
diff --git a/cmake/Platform/Common/Install_common.cmake b/cmake/Platform/Common/Install_common.cmake
index fb46a475e2..9a0fbbd872 100644
--- a/cmake/Platform/Common/Install_common.cmake
+++ b/cmake/Platform/Common/Install_common.cmake
@@ -38,9 +38,6 @@ function(ly_setup_target OUTPUT_CONFIGURED_TARGET ALIAS_TARGET_NAME absolute_tar
     # Get the target source directory relative to the LY root folder
     ly_get_engine_relative_source_dir(${absolute_target_source_dir} relative_target_source_dir)
 
-    # get the component ID.  if the property isn't set for the target, it will auto fallback to use CMAKE_INSTALL_DEFAULT_COMPONENT_NAME
-    get_property(install_component TARGET ${TARGET_NAME} PROPERTY INSTALL_COMPONENT)
-
     # All include directories marked PUBLIC or INTERFACE will be installed. We dont use PUBLIC_HEADER because in order to do that
     # we need to set the PUBLIC_HEADER property of the target for all the headers we are exporting. After doing that, installing the
     # headers end up in one folder instead of duplicating the folder structure of the public/interface include directory.
@@ -69,7 +66,7 @@ function(ly_setup_target OUTPUT_CONFIGURED_TARGET ALIAS_TARGET_NAME absolute_tar
 
                 install(DIRECTORY ${include_directory}
                     DESTINATION ${destination_dir}
-                    COMPONENT ${install_component}
+                    COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
                     FILES_MATCHING
                         PATTERN *.h
                         PATTERN *.hpp
@@ -108,13 +105,13 @@ function(ly_setup_target OUTPUT_CONFIGURED_TARGET ALIAS_TARGET_NAME absolute_tar
             TARGETS ${TARGET_NAME}
             ARCHIVE
                 DESTINATION ${archive_output_directory}/${PAL_PLATFORM_NAME}/$<CONFIG>
-                COMPONENT ${install_component}
+                COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
             LIBRARY
                 DESTINATION ${library_output_directory}/${PAL_PLATFORM_NAME}/$<CONFIG>/${target_library_output_subdirectory}
-                COMPONENT ${install_component}
+                COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
             RUNTIME
                 DESTINATION ${runtime_output_directory}/${PAL_PLATFORM_NAME}/$<CONFIG>/${target_runtime_output_subdirectory}
-                COMPONENT ${install_component}
+                COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         )
     endif()
 
@@ -271,7 +268,7 @@ set_property(TARGET ${NAME_PLACEHOLDER}
     file(GENERATE OUTPUT "${target_install_source_dir}/${NAME_PLACEHOLDER}_$<CONFIG>.cmake" CONTENT "${target_file_contents}")
     install(FILES "${target_install_source_dir}/${NAME_PLACEHOLDER}_$<CONFIG>.cmake"
         DESTINATION ${relative_target_source_dir}
-        COMPONENT ${install_component}
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
     # Since a CMakeLists.txt could contain multiple targets, we generate it in a folder per target
@@ -320,12 +317,9 @@ function(ly_setup_subdirectory absolute_target_source_dir)
         "${ENABLE_GEMS_PLACEHOLDER}"
     )
 
-    # get the component ID. if the property isn't set for the directory, it will auto fallback to use CMAKE_INSTALL_DEFAULT_COMPONENT_NAME
-    get_property(install_component DIRECTORY ${absolute_target_source_dir} PROPERTY INSTALL_COMPONENT)
-
     install(FILES "${target_install_source_dir}/CMakeLists.txt"
         DESTINATION ${relative_target_source_dir}
-        COMPONENT ${install_component}
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
 endfunction()
@@ -344,6 +338,7 @@ function(ly_setup_o3de_install)
         ${LY_ROOT_FOLDER}/LICENSE.txt
         ${LY_ROOT_FOLDER}/README.md
         DESTINATION .
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
 endfunction()
@@ -353,6 +348,7 @@ function(ly_setup_cmake_install)
 
     install(DIRECTORY "${LY_ROOT_FOLDER}/cmake"
         DESTINATION .
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         PATTERN "__pycache__" EXCLUDE
         REGEX "Findo3de.cmake" EXCLUDE
         REGEX "Platform\/.*\/BuiltInPackages_.*\.cmake" EXCLUDE
@@ -380,6 +376,7 @@ function(ly_setup_cmake_install)
             "${LY_ROOT_FOLDER}/CMakeLists.txt"
             "${CMAKE_CURRENT_BINARY_DIR}/cmake/engine.json"
         DESTINATION .
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
     # Collect all Find files that were added with ly_add_external_target_path
@@ -400,9 +397,11 @@ function(ly_setup_cmake_install)
     endforeach()
     install(FILES ${additional_find_files}
         DESTINATION cmake/3rdParty
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
     install(FILES ${additional_platform_files}
         DESTINATION cmake/3rdParty/Platform/${PAL_PLATFORM_NAME}
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
     # Findo3de.cmake file: we generate a different Findo3de.camke file than the one we have in cmake. This one is going to expose all
@@ -419,6 +418,7 @@ function(ly_setup_cmake_install)
     configure_file(${LY_ROOT_FOLDER}/cmake/install/Findo3de.cmake.in ${CMAKE_CURRENT_BINARY_DIR}/cmake/Findo3de.cmake @ONLY)
     install(FILES "${CMAKE_CURRENT_BINARY_DIR}/cmake/Findo3de.cmake"
         DESTINATION cmake
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
     # BuiltInPackage_<platform>.cmake: since associations could happen in any cmake file across the engine. We collect
@@ -438,6 +438,7 @@ function(ly_setup_cmake_install)
     )
     install(FILES "${pal_builtin_file}"
         DESTINATION cmake/3rdParty/Platform/${PAL_PLATFORM_NAME}
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
 endfunction()
@@ -453,6 +454,7 @@ function(ly_setup_runtime_dependencies)
 "function(ly_copy source_file target_directory)
     file(COPY \"\${source_file}\" DESTINATION \"\${target_directory}\" FILE_PERMISSIONS ${LY_COPY_PERMISSIONS})
 endfunction()"
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         )
     endif()
 
@@ -487,7 +489,9 @@ endfunction()"
 
     list(REMOVE_DUPLICATES runtime_commands)
     list(JOIN runtime_commands "    " runtime_commands_str) # the spaces are just to see the right identation in the cmake_install.cmake file
-    install(CODE "${runtime_commands_str}")
+    install(CODE "${runtime_commands_str}" 
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
+    )
 
 endfunction()
 
@@ -573,9 +577,15 @@ function(ly_setup_assets)
                 cmake_path(SET gem_install_dest_dir .)
             endif()
             if(IS_DIRECTORY ${gem_absolute_path})
-                install(DIRECTORY "${gem_absolute_path}" DESTINATION ${gem_install_dest_dir})
+                install(DIRECTORY "${gem_absolute_path}" 
+                    DESTINATION ${gem_install_dest_dir}
+                    COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
+                )
             elseif (EXISTS ${gem_absolute_path})
-                install(FILES ${gem_absolute_path} DESTINATION ${gem_install_dest_dir})
+                install(FILES ${gem_absolute_path} 
+                    DESTINATION ${gem_install_dest_dir}
+                    COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
+                )
             endif()
         endforeach()
 
diff --git a/cmake/Platform/Linux/Install_linux.cmake b/cmake/Platform/Linux/Install_linux.cmake
index 87713fa5d6..dea26e5872 100644
--- a/cmake/Platform/Linux/Install_linux.cmake
+++ b/cmake/Platform/Linux/Install_linux.cmake
@@ -22,7 +22,9 @@ endfunction()]])
 
 function(ly_install_code_function_override)
     string(CONFIGURE "${ly_copy_template}" ly_copy_function_linux @ONLY)
-    install(CODE "${ly_copy_function_linux}")
+    install(CODE "${ly_copy_function_linux}" 
+        COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
+    )
 endfunction()
 
 include(cmake/Platform/Common/Install_common.cmake)
diff --git a/cmake/Platform/Mac/Install_mac.cmake b/cmake/Platform/Mac/Install_mac.cmake
index c7f22e9149..f3c2b31b31 100644
--- a/cmake/Platform/Mac/Install_mac.cmake
+++ b/cmake/Platform/Mac/Install_mac.cmake
@@ -42,8 +42,6 @@ function(ly_install_target_override)
     set(multiValueArgs)
     cmake_parse_arguments(ly_platform_install_target "${options}" "${oneValueArgs}" "${multiValueArgs}" ${ARGN})
 
-    get_property(install_component TARGET ${ly_platform_install_target_TARGET} PROPERTY INSTALL_COMPONENT)
-
     # For bundles on Mac, we set the icons by passing in a path to the Images.xcassets directory.
     # However, the CMake install command expects paths to files for the the RESOURCE property.
     # More details can be found in the CMake issue: https://gitlab.kitware.com/cmake/cmake/-/issues/22409
@@ -57,19 +55,19 @@ function(ly_install_target_override)
         TARGETS ${ly_platform_install_target_TARGET}
         ARCHIVE
             DESTINATION ${ly_platform_install_target_ARCHIVE_DIR}/${PAL_PLATFORM_NAME}/$<CONFIG>
-            COMPONENT ${install_component}
+            COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         LIBRARY
             DESTINATION ${ly_platform_install_target_LIBRARY_DIR}/${PAL_PLATFORM_NAME}/$<CONFIG>/${ly_platform_install_target_LIBRARY_SUBDIR}
-            COMPONENT ${install_component}
+            COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         RUNTIME
             DESTINATION ${ly_platform_install_target_RUNTIME_DIR}/${PAL_PLATFORM_NAME}/$<CONFIG>/${ly_platform_install_target_RUNTIME_SUBDIR}
-            COMPONENT ${install_component}
+            COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         BUNDLE
             DESTINATION ${ly_platform_install_target_RUNTIME_DIR}/${PAL_PLATFORM_NAME}/$<CONFIG>/${ly_platform_install_target_RUNTIME_SUBDIR}
-            COMPONENT ${install_component}
+            COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
         RESOURCE
             DESTINATION ${ly_platform_install_target_RUNTIME_DIR}/${PAL_PLATFORM_NAME}/$<CONFIG>/${ly_platform_install_target_RUNTIME_SUBDIR}/
-            COMPONENT ${install_component}
+            COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
     )
 
     if (${is_bundle})
@@ -95,7 +93,9 @@ function(ly_install_code_function_override)
 
     endif()
     file(COPY \"\${source_file}\" DESTINATION \"\${target_directory}\" FILE_PERMISSIONS ${LY_COPY_PERMISSIONS})
-endfunction()")
+endfunction()"
+    COMPONENT ${CMAKE_INSTALL_DEFAULT_COMPONENT_NAME}
+    )
 
 endfunction()
 
diff --git a/cmake/Projects.cmake b/cmake/Projects.cmake
index 627b31bc43..e70c8a4b14 100644
--- a/cmake/Projects.cmake
+++ b/cmake/Projects.cmake
@@ -145,17 +145,19 @@ foreach(project ${LY_PROJECTS})
 
     # Generate pak for project in release installs
     cmake_path(RELATIVE_PATH CMAKE_RUNTIME_OUTPUT_DIRECTORY BASE_DIRECTORY ${CMAKE_BINARY_DIR} OUTPUT_VARIABLE runtime_output_directory)
-    ly_install_run_code("
-if(\"\${CMAKE_INSTALL_CONFIG_NAME}\" MATCHES \"^([Rr][Ee][Ll][Ee][Aa][Ss][Ee])$\")
-    set(install_output_folder \"\${CMAKE_INSTALL_PREFIX}/${runtime_output_directory}/${PAL_PLATFORM_NAME}/\${CMAKE_INSTALL_CONFIG_NAME}\")
-    message(STATUS \"Generating \${install_output_folder}/Engine.pak from ${full_directory_path}/Cache\")
-    file(ARCHIVE_CREATE OUTPUT \${install_output_folder}/Engine.pak
-        PATHS ${full_directory_path}/Cache
+    set(install_engine_pak_template [=[
+if("${CMAKE_INSTALL_CONFIG_NAME}" MATCHES "^([Rr][Ee][Ll][Ee][Aa][Ss][Ee])$")
+    set(install_output_folder "${CMAKE_INSTALL_PREFIX}/@runtime_output_directory@/@PAL_PLATFORM_NAME@/${CMAKE_INSTALL_CONFIG_NAME}")
+    message(STATUS "Generating ${install_output_folder}/Engine.pak from @full_directory_path@/Cache")
+    file(ARCHIVE_CREATE OUTPUT ${install_output_folder}/Engine.pak
+        PATHS @full_directory_path@/Cache
         FORMAT zip
     )
-    message(STATUS \"\${install_output_folder}/Engine.pak generated\")
+    message(STATUS "${install_output_folder}/Engine.pak generated")
 endif()
-")
+]=])
+    string(CONFIGURE "${install_engine_pak_template}" install_engine_pak_code @ONLY)
+    ly_install_run_code("${install_engine_pak_code}")
 
 endforeach()
 
diff --git a/cmake/SettingsRegistry.cmake b/cmake/SettingsRegistry.cmake
index f84ecca334..c677aba7cf 100644
--- a/cmake/SettingsRegistry.cmake
+++ b/cmake/SettingsRegistry.cmake
@@ -120,6 +120,7 @@ endfunction()
 function(ly_delayed_generate_settings_registry)
 
     if(LY_MONOLITHIC_GAME) # No need to generate setregs for monolithic builds
+        set_property(GLOBAL PROPERTY LY_DELAYED_LOAD_DEPENDENCIES) # Clear out the load targets from the global load dependencies list
         return()
     endif()
 
@@ -206,7 +207,7 @@ function(ly_delayed_generate_settings_registry)
         set_property(GLOBAL PROPERTY LY_DELAYED_LOAD_"${prefix_target}")
     endforeach()
 
-    # Clear out the load targets from the glboal load dependencies list
+    # Clear out the load targets from the global load dependencies list
     set_property(GLOBAL PROPERTY LY_DELAYED_LOAD_DEPENDENCIES)
 endfunction()