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A project proposal, also known as a business proposal, outlines the approach needed to deliver a solution that meets specific project requirements and constraints. It represents an opportunity to demonstrate your team's strengths, accomplishments, and suitability for the project, setting you apart from competitors. Practically, it serves as a commitment detailing your planned execution if awarded the contract. The proposal must balance self-promotion with explicit commitments to scope, timeline, and budget. Developing a proposal template can facilitate quicker iterations in response to new requests. Seven key elements should be considered in crafting effective proposals.