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A project proposal, also known as a business or work proposal, defines the approach required to fulfill project requirements and constraints. It is often the first interaction a prospective client has with your team, presenting an opportunity to highlight your capabilities and fit for the project. The proposal serves as a commitment to what you will deliver if awarded the contract, balancing self-promotion with clear commitments regarding scope, timeline, and budget. Creating a formatted proposal template can streamline the process for future requests. The video outlines seven essential elements to consider when crafting a compelling project proposal.