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A project proposal, also known as a business proposal, outlines the strategy needed to fulfill specific project requirements and constraints. It serves as a key opportunity to present your team's capabilities and why you are the best fit for the project. The proposal should effectively balance self-promotion with clear commitments regarding project scope, timeline, and budget. A well-prepared proposal can significantly enhance your chances of standing out to prospective clients. Additionally, having a formatted proposal template allows for quick iterations as new requests come in.