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A project proposal, or business proposal, outlines the approach to fulfilling specific project requirements and constraints. It serves as the client's first impression of your team's capabilities, highlighting your qualifications and fit for the project. The proposal should distinguish you from competitors and includes a commitment to deliver on scope, timeline, and budget if awarded the contract. While formats may vary by situation, dedicating time to create a proposal template allows for quicker adaptations as new requests come in. The video will detail seven essential elements for creating effective project proposals.