The ePortfolio is a paradigm in constructivist e-learning. Apart from being an assessment tool, the ePortfolio is a platform to highlight the student's competency to the employer or to anybody who has an interest in the student's skills and ability. This virtual assessment tool can save employers time when it comes to shortlisting potential candidates before the face-to-face interview session. This paper discusses the ePortfolio as an assessment tool in higher education to assess students' competency. The methods used were intensive literature review and website survey on universities that have implemented the use of the ePortfolio in their learning programmes. Six American universities were chosen. The information gathered from this survey was then compared with information from the American universities. This research suggests a new basic assessment framework based on the comparison analysis. The framework listed nine abilities that must be acquired by students as the determinant factors in assessing student achievement. The abilities were artefacts, reflection/critique, use of multimedia/technology, organisation/ navigation, layout and readability/contents, quality of writing and proofreading (originality/grammar/vocabulary/citation), written and oral communication, portfolio/ documentation compilation and mechanic/ quantitative method. To produce a complete, systematic and detail assessment framework, further research needs to be conducted.