The document discusses the key steps in developing a knowledge management (KM) system, including evaluating existing infrastructure, capturing knowledge from experts, designing the KM system blueprint, testing and implementing the system, training users, and evaluating post-implementation. It emphasizes capturing both explicit and tacit knowledge through methods like interviewing and data mining. Rapid prototyping allows iterative development and input from experts. Developing a KM team, selecting experts, and defining the knowledge developer's role are also important initial steps.