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A project proposal, also known as a business or work proposal, outlines the approach to execute a solution that meets specific project requirements and constraints. It serves as an introduction to potential clients, showcasing your team’s capabilities and positioning you as the ideal fit for the project. The proposal acts as a written commitment detailing what you will deliver if awarded the contract, balancing self-promotion with clear commitments to scope, timeline, and budget. Customizing a proposal template can streamline the process for future requests. The video identifies seven essential elements for crafting an effective proposal.