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Event ID: 1016 Source: SMSServer

Source
Level
Description
On <date and time> component SMS_SITE_COMPONENT_MANAGER on computer <computer name> reported: SMS Site Component Manager failed to install this component on this site system.

Solution: Review the previous status messages to determine the exact reason for the failure. SMS Site Component Manager will automatically retry the installation in  minutes. To force SMS Site Component Manager to immediately retry the installation stop and restart SMS Site Component Manager using the SMS Service Manager.

For more information see Help and Support Center at http://go.microsoft.com/fwlink/events.asp.
Comments
 
In my case there was no previous status message - still searching for a solution.

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