Install Cordova and Ionic CLI locally instead of globally?

Just had a thought and wanted to hear what you think about it:

We always install cordova and ionic globally, which gives us the same CLI version for all our projects. Is it actually possible to add these as devDependencies to our projects and so have different versions for every project? Does this make sense?

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My understanding is that in npm-land, anything you need to run from a shell must be installed globally.