In a typical lecture course, you get to practice what you have learned in homework problem sets, then demonstrate how well you have learned it on exams. Since a primary goal of this course is to enable you to design and build electronic systems, it seems that the best way for you to practice is to go into the lab and work with the various system components. And as long as you're there, a good way to test your knowledge would be to ask questions about these components, how their performance does or doesn't correspond to what we expect, why we expect it, and other aspects of your classroom learning in the context of the work in the lab.
So, instead of homework and exams, we will have "Lab Exercises." Each of these will be focused on a particular lab project and will combine some of the aspects of a conventional lab report with a few related homework style questions, all in one convenient package. Because what can be done in a single lab of reasonable length is limited, a few of the questions may stray a bit from the central topic, in order to provide better coverage of the material.
The exact structure will vary from one exercise to another, but each will try to do one or more of the following: