It looks like there is a new concept called
Prior Learning and Assessment to take into account the learning that occurs by actually doing something. Empire State College has been doing this for years. I don't know if they have ever definied it as a formal process, but they have been giving credit for twhat they call experential learning since 1971. Empire State College is part of the State University of New York. One of these days I do plan on getting one or more degrees from there.