The assignment consists of four parts: Part 1, where students are required to create a database called ITCO630_P1.MDF and add tables with specific data; Part 2, which involves designing a single table to store invoice information and applying normalization to reduce the table to third normal form; Part 3, where students must download, unzip, and attach the sample database ITCO630_A, then create views based on that database; and Part 4, which requires students to write queries using the ITCO630_A database.