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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. It serves as the initial introduction to a prospective client, showcasing your team’s capabilities and positioning you as the best choice for the project. Essentially, it should differentiate you from competitors. Practically, it represents a commitment to the project's scope, timeline, and budget if awarded the contract. Tailoring a proposal template can streamline the process for future requests. The video tutorial provides seven essential components to include in your proposal.