The integrated circuit ICL7107 is a 3-1/2 digit LED A/D convertor. It contains an internal voltage reference, high isolation analog switches, sequential control logic, and the display drivers. The auto-zero adjustment mechanism ensures zero reading for 0 volts input. The circuit is classic design and you can be sure that it will work fine. However, for better result, it is recommended to design a proper PCB for minimum voltage drift and noise.
Connect the positive and negative probes PLG1 and PLG2 to two points of the electric circuit you would like to know their electric potential difference or simply voltage. You have to set the selector switch S2 to proper voltage range you expect those two points would have. To calibrate the volt-meter, use the potentiometer P1. Adjust it to read correct voltage on the display by connecting probes to a known voltage source. You may need to use another calibrated volt-meter in this case.