The assignment content focuses on configuring a DHCP server, setting up iTech DNS and Web Servers, and simulating dynamic network configuration using Cisco Packet Tracer. The steps involve assigning IP addresses to the DHCP server, iTech DNS Server, and iTech Web Server, and configuring services such as HTTP service for the web server. Additionally, it covers how clients are dynamically assigned IP addresses by the DHCP Server. The content also highlights the benefits of adopting a new proposed network design for easier management and scalability.