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A project proposal is a document that outlines the approach for meeting project requirements and constraints. It serves as the first impression with a potential client, showcasing your team's accomplishments and why you are the best fit for the project. It is a commitment to what you plan to execute if you win the contract, balancing self-promotion with clear scope, timeline, and budget commitments. Creating a proposal template upfront will streamline the process of creating iterations as requests come in.