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A project proposal, also known as a business proposal, outlines the approach required to meet specific project requirements and constraints. It serves as an introduction to your team for a potential client, showcasing your qualifications and suitability for the project. Additionally, a project proposal acts as a written commitment to the project's scope, timeline, and budget if awarded the contract. Balancing promotional aspects and clear commitments is essential. Although each proposal may vary, creating a template can streamline the process for future requests. The tutorial suggests focusing on seven key elements in proposal development.