It seems it keeps a ledger somewhere (haven't dug into it). Then to run commands, instead of using `python main.py`, you now use `pipenv run python main.py` and it automates things. It still depends on Virtualenv.
As an alternative, Pyenv + Pyenv Virtualenv work by creating the environments in a separate folder. You can then `cd` into a project root folder and there use `pyenv local x` and every time you `cd` into the directory or a subdirectory, it looks up the tree until it finds a `.local` file. This specifies the environment. It can be a Python version or a Virtualenv and it loads it.
Why is pipsi a separate thing?