Why can we not allow for a process that creates detailed requirements and design information for each feature so that we can create more meaningful estimates?

Some people may think that the best way to estimate a project is to have detailed requirements and design information for each feature. They may argue that this is the most professional and accurate way to approach the problem. However, I disagree with this view. I think that it is more important to be able to make quick decisions about the scope of the project without spending too much time and resources on detailed estimates. ...