Plesk-hosted website provides Composer error: Composer detected issues

[mahesh]

Question
Plesk-hosted website provides Composer error: Composer detected issues in your platform: Your Composer dependencies require a PHP version ">= 8.0.2".
Symptoms
example.com website throws the following error:

Code Select Expand

Composer detected issues in your platform: Your Composer dependencies require a PHP version ">= 8.0.2".
Cause
example.com uses PHP version lower than 8.0.2 (can be checked on Domains > example.com > PHP Settings page).

Resolution

• Log into Plesk.
• Navigate to Domains > example.com > PHP Settings
• Set the PHP version to 8.0 or newer.

Warning: Make sure that the website is compatible with the new PHP version.