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A project proposal, also known as a business proposal, outlines the approach needed to meet specific project requirements and constraints. It serves as the initial contact for a prospective client, showcasing your team's identity, accomplishments, and suitability for the project. The proposal is a commitment to the execution plan if the contract is awarded, balancing self-promotion with clear commitments to scope, timeline, and budget. Customizing a proposal template is recommended for efficiency in responding to various requests. The text introduces seven key elements to consider when creating a project proposal.