I agree with jvv6, it completely depends on the project if someone has previous experience with similar project can start with minimal information about new project with confident. However, if the project is new then required lot of research and risk analyses before initiating a project. In my opinion, first, you need to start gathering data about the project, aligning the project with organizational goals, and defining the boundaries of the project. Furthermore, if your project defines such questions as ‘what, why, who, when, where, and how’ and when you are able to answer those questions, then I think you are ready to begin your project formally.