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A project proposal, also known as a business proposal, outlines the approach to meet specific project requirements and constraints. It may be the first opportunity for a prospective client to understand your team's capabilities and how you plan to tackle the project, showcasing your strengths and fit for the task. Practically, it serves as a written commitment detailing what you will execute if awarded the contract, balancing self-promotion with clear commitments on scope, timeline, and budget. Each situation might require a unique approach, but creating a proposal template streamlines the process for future requests.