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A project proposal, also known as a business or work proposal, outlines the approach for executing a solution that meets project requirements. It serves as the first impression to potential clients, showcasing your team's skills and expertise. The proposal should highlight your accomplishments and why you are the best fit for the project. It is a commitment to what you plan to execute if awarded the contract, focusing on selling yourself while making clear commitments to scope, timeline, and budget. Creating a proposal template upfront can streamline the process of creating iterations quickly.