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A project proposal, also known as a business or work proposal, outlines the approach to executing a solution that meets project requirements and constraints. It serves as the first impression for prospective clients, demonstrating your team's identity, accomplishments, and suitability for the project. The proposal should highlight what makes you stand out while clearly committing to the project scope, timeline, and budget. Each situation may require a tailored approach; therefore, investing time in creating a proposal template is beneficial for quickly generating iterations as needed.