There are situations where this module won't work. Since NPM now flattens your dependency tree (usually a good thing) the assumption this module was built on no longer holds true. I suggest the wrapper method instead, it's as easy as requiring a module.
A very simple, module to solve the require('../../../../something.js')
problem. It relies on the fact that npm installs packages to node_modules/.
Don't use v1.0.1, it's broken.
var r = require('project-base');
var myModule = require(r + 'lib/myModule.js');