Valuation of Prior Learning (VPL) is a methodology and a variety of visions, approaches, practices and process-oriented instrumentation for recognizing and valuing the competences people have developed so far in their lives. It takes stock of existing competences of a person, and makes a person aware of the value of their competences in different contexts. VPL empowers a person and is becoming the basis for personalised learning, for making choices and for control of their further learning and development. VPL is essential in the change from curriculum lead, exams-based education and training towards outcome-steered, competence based personalised lifelong learning.