Comment by hgomersall

And it's a terrible way to make anything, much less software. It's more forgivable when the cost of outer iteration is high because you're making, say, a train, but even then you design around various levels of simulation, iterating in the virtual world. The idea that you can nail down all the requirements and interfaces before you even begin is why so many projects of the type you describe often have huge cost overruns as reality highlights all the changes that need to be made.