The college approved setting up a new IT lab requiring installation of Windows 8 on all computers within a single day from the central server after 6 months. The document discusses a project to set up the lab involving installing 30 computers connected to the server and software. A team of 3 including the author as lead developed a project scope and work breakdown structure, installed all computers by March 15th, and gained experience in various project management skills including time, risk, budget, and quality management.