One of Title V Web 2.0 Objectives is to assist in the introduction of eFolios on campus, working with the LACCD who is "piloting Cal e-Folios in conjuction with the Technology Unit of CCCCSO, Avenet Web Solutions, and the Minnesotta State Colleges and University System (MnSCU)", spearheaded on campus by Evelyn Escatiola (Professional Development), the CAOT Dept (which already has started a short course to introduce this subject to students), and the eFolio Committee.
What are ePortfolios (or eFolios)? The following text is excerpted from the LACCD page link above, and "The Portfolio Process" illustration is borrowed from the SF State's ePortfolio website.
See also why Employers are interested in E-Portfolios: http://www.aacu.org/press_room/press_releases/2008/business_leader_poll.cfm