The article highlights the interpretation of the concept “portfolio” in the terms of pedagogy. It is proved that in education portfolio technology involves integration of quantitative and qualitative evaluation, shifting emphasis to achievement, success, self-esteem of the student, his/her understanding of readiness for professional work. It is noted that the idea of using portfolio technology as a means of assessment in education institutions arose at the turn of the 70-80 years of the ХХ century under the influence of politics and business, according to some sources in Europe, and according to the others –- in the United States. The functions of portfolio are: diagnostic, prognostic, managerial, organizational, analytical, rating, pedagogical, setting goals, motivating, informative, developing, adaptative; the principles of technology are: appropriate, systematic, compliance, heterogeneity, scientific validity and objective evaluation. Portfolio is a part of the initiated studies to determine the values of the person. The following types of portfolio are characterized, namely: the portfolio as a tool for self-assessment of students’ achievements in the process of mastering the disciplines of professional cycle; the portfolio as a tool for autonomous learning of the certain disciplines; the portfolio as a tool to demonstrate the academic product; the portfolio as a feedback tool in the learning process; a diversified portfolio that reflects the different purposes of evaluation and self-assessment of the competence of the future teachers of Physical Culture. There are such portfolio components as a list of references, testimonials, reviews, abstracts at the conferences, articles in scientific journals, certificates of participation in seminars and conferences, certificates of internships, projects. The criteria of evaluation portfolios of students serve to identify such levels of readiness as high, enough, medium, low. The prospects for further research the author sees in further study of the theoretical principles of the portfolio technology and the development of practical recommendations on its implementation in the process of future specialists of physical culture training.