The assignment is to extend the basic shell program to accept commands from the user and execute them. The shell should support multiple features such as running programs, managing input/output, being programmed, and supporting built-in commands like 'cd' and 'history'. Additionally, it should enable commands to be executed in the background using '&', and allow pipes to connect the standard output of one command to the standard input of another. The programming language used can be C, C++, or Java.