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Portfolios have different meanings across disciplines. In finance they refer to investments of stocks, bonds, treasury bills, and so on (Mills & Patterson, 2009). In new product development (Cooper & Edgett, 2008; McNally, Durmusoglu, Calantone, & Harmancioglu, 2009) and strategic business planning, portfolios are considered to be limited-duration projects or longer-term programs (PMI, 2008). Human resource recruiting and development has been analyzed as portfolios in terms of competencies and learning abilities (Ngwenyama, Guergachi, & McLaren, 2007). In fact teacher portfolios and student learning portfolios are contemporary formative assessment mechanisms found in higher education (Strang, 2010a).