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The modern labor market puts forward high demands for jobs not only among university graduates, but also among specialists with experience. The training of competent and independent graduates able to meet the labor market competition requires innovative approaches to teaching, scientific and methodical work of the educational process. Portfolio is one of modern technologies allowing to effectively plan and assess the process and results of training. It complements traditional assessment means allowing to track the student?s individual progress in a broad educational context. The authors consider theoretical background language of portfolio and share their experience of working with it while studying a foreign language.