Our previous PT3 grant funded the LSB's development/training/use of a homegrown Learning Management System that we called Dialogue. When the School of Education received another PT3 grant a couple of years ago we considered adding more functionality to Dialogue to support "portfolio creation", a popular trend in education today. We later decided not to expand our Dialogue system but to build a new system just for the creation of portfolios.
While we were considering this, the School of Education was preparing for an NCATE accreditation review. Several faculty were interested in the use of portfolio systems to meet requirement #2 of NCATE. In a nutshell, this requirement states that the college has to have an information system that allows faculty to see whether or not they are effective in teaching students. The implication is that the system must be aware of the objectives of the institution and faculty and be able to report back some data about how students are progressing in relation to those objectives.