Success is a little bit like a unicorn. Everyone wants it, but it seems like an impossible dream. In search of this unicorn, people go to great lengths and if their search turns up nothing, they label themselves and their work a failure. This is a huge mistake in the way we think about success and failure. The problem is that we define success too narrowly and failure too broadly. This is especially true for how most people determine the success of their project portfolio. To really understand the true success of projects and your whole project portfolio, you should remember the old adage, “success is in the eye of the beholder.”