diff --git a/package.json b/package.json
index 1257a1bd5a..8220d0db59 100644
--- a/package.json
+++ b/package.json
@@ -106,7 +106,7 @@
     "@types/jasminewd2": "~2.0.3",
     "@types/jest": "27.0.2",
     "@types/marked": "^2.0.0",
-    "@types/node": "14.14.37",
+    "@types/node": "16.11.7",
     "@types/prettier": "2.3.0",
     "@types/react": "17.0.3",
     "@types/react-dom": "17.0.3",
diff --git a/packages/workspace/src/core/hasher/spawn-process.spec.ts b/packages/workspace/src/core/hasher/spawn-process.spec.ts
index 8d2b2a0cb2..7f425dab12 100644
--- a/packages/workspace/src/core/hasher/spawn-process.spec.ts
+++ b/packages/workspace/src/core/hasher/spawn-process.spec.ts
@@ -3,7 +3,7 @@ import { spawnProcess } from './spawn-process';
 
 describe('spawnProcess()', () => {
   let spy: jest.SpyInstance<
-    childProcess.SpawnSyncReturns<Buffer>,
+    childProcess.SpawnSyncReturns<string | Buffer>,
     [
       command: string,
       args?: readonly string[],
diff --git a/packages/workspace/src/core/project-graph/daemon/server/server.ts b/packages/workspace/src/core/project-graph/daemon/server/server.ts
index 0a770a951a..b7bf6e82c3 100644
--- a/packages/workspace/src/core/project-graph/daemon/server/server.ts
+++ b/packages/workspace/src/core/project-graph/daemon/server/server.ts
@@ -69,7 +69,7 @@ const server = createServer(async (socket) => {
       const entry = list.getEntries()[0];
       serverLogger.log(`Time taken for '${entry.name}'`, `${entry.duration}ms`);
     });
-    performanceObserver.observe({ entryTypes: ['measure'], buffered: false });
+    performanceObserver.observe({ entryTypes: ['measure'] });
   }
 
   socket.on('data', async (data) => {
diff --git a/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap b/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
index 372bfad150..77550c90dc 100644
--- a/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
+++ b/packages/workspace/src/generators/new/__snapshots__/new.spec.ts.snap
@@ -9,7 +9,7 @@ Object {
     "@nrwl/cli": "*",
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
-    "@types/node": "14.14.33",
+    "@types/node": "16.11.7",
     "prettier": "^2.3.1",
     "typescript": "~4.4.3",
   },
@@ -32,7 +32,7 @@ Object {
     "@nrwl/cli": "*",
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
-    "@types/node": "14.14.33",
+    "@types/node": "16.11.7",
     "prettier": "^2.3.1",
     "typescript": "~4.4.3",
   },
@@ -56,7 +56,7 @@ Object {
     "@nrwl/react": "*",
     "@nrwl/tao": "*",
     "@nrwl/workspace": "*",
-    "@types/node": "14.14.33",
+    "@types/node": "16.11.7",
     "prettier": "^2.3.1",
     "typescript": "~4.4.3",
   },
diff --git a/packages/workspace/src/generators/workspace/files/package.json__tmpl__ b/packages/workspace/src/generators/workspace/files/package.json__tmpl__
index 75f8bf79bd..a0ebe35ad6 100644
--- a/packages/workspace/src/generators/workspace/files/package.json__tmpl__
+++ b/packages/workspace/src/generators/workspace/files/package.json__tmpl__
@@ -12,7 +12,7 @@
     "@nrwl/tao": "<%= nxVersion %>",
     "@nrwl/cli": "<%= nxVersion %>",
     "@nrwl/workspace": "<%= nxVersion %>",
-    "@types/node": "14.14.33",
+    "@types/node": "16.11.7",
     "typescript": "<%= typescriptVersion %>",
     "prettier": "<%= prettierVersion %>"
   }
diff --git a/packages/workspace/src/utilities/perf-logging.ts b/packages/workspace/src/utilities/perf-logging.ts
index f3b86436e2..ce3b8cbc63 100644
--- a/packages/workspace/src/utilities/perf-logging.ts
+++ b/packages/workspace/src/utilities/perf-logging.ts
@@ -5,5 +5,5 @@ if (process.env.NX_PERF_LOGGING) {
     const entry = list.getEntries()[0];
     console.log(`Time for '${entry.name}'`, entry.duration);
   });
-  obs.observe({ entryTypes: ['measure'], buffered: false });
+  obs.observe({ entryTypes: ['measure'] });
 }
diff --git a/packages/workspace/src/utils/perf-logging.ts b/packages/workspace/src/utils/perf-logging.ts
index f3b86436e2..ce3b8cbc63 100644
--- a/packages/workspace/src/utils/perf-logging.ts
+++ b/packages/workspace/src/utils/perf-logging.ts
@@ -5,5 +5,5 @@ if (process.env.NX_PERF_LOGGING) {
     const entry = list.getEntries()[0];
     console.log(`Time for '${entry.name}'`, entry.duration);
   });
-  obs.observe({ entryTypes: ['measure'], buffered: false });
+  obs.observe({ entryTypes: ['measure'] });
 }
diff --git a/yarn.lock b/yarn.lock
index b8e1f95cf5..4589f3272b 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5281,10 +5281,10 @@
   resolved "https://registry.yarnpkg.com/@types/node/-/node-16.11.9.tgz#879be3ad7af29f4c1a5c433421bf99fab7047185"
   integrity sha512-MKmdASMf3LtPzwLyRrFjtFFZ48cMf8jmX5VRYrDQiJa8Ybu5VAmkqBWqKU8fdCwD8ysw4mQ9nrEHvzg6gunR7A==
 
-"@types/node@14.14.37":
-  version "14.14.37"
-  resolved "https://registry.yarnpkg.com/@types/node/-/node-14.14.37.tgz#a3dd8da4eb84a996c36e331df98d82abd76b516e"
-  integrity sha512-XYmBiy+ohOR4Lh5jE379fV2IU+6Jn4g5qASinhitfyO71b/sCo6MKsMLF5tc7Zf2CE8hViVQyYSobJNke8OvUw==
+"@types/node@16.11.7":
+  version "16.11.7"
+  resolved "https://registry.yarnpkg.com/@types/node/-/node-16.11.7.tgz#36820945061326978c42a01e56b61cd223dfdc42"
+  integrity sha512-QB5D2sqfSjCmTuWcBWyJ+/44bcjO7VbjSbOE0ucoVbAsSNQc4Lt6QkgkVXkTDwkL4z/beecZNDvVX15D4P8Jbw==
 
 "@types/node@^14.0.10", "@types/node@^14.14.31":
   version "14.17.34"