The document outlines the hardware, software, and knowledge requirements for developing a website. It specifies that a computer needs 512MB RAM, a monitor, keyboard, mouse, and internet connection. The recommended software includes Linux, XAMPP 1.7.2, WordPress 2.8.6, PHP, AJAX, and MySQL. Developers should have basic knowledge of web technologies like blogs, websites, and content management systems as well as the ability to learn independently.