Glossary

Terms beginning with L

lessons learnt

The practice of continuous improvement based upon organisational learning in a risk management context.

life cycle

The life cycle provides a phased structure for governing the work and underpinning the delivery plan from start to finish.

Note: life cycles can be applied to a portfolio, service, product, system, programme or project.

lines of defence

An assurance model that defines three distinct groups of stakeholders involved with separate but complimentary assurance activity.