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A project proposal, also known as a business or work proposal, outlines the approach needed to meet specific project requirements and constraints. It serves as a first impression for prospective clients, showcasing your team's capabilities and why you are the ideal choice for the project. This document is a written commitment detailing what you plan to execute if awarded the contract, balancing self-promotion with clear commitments on scope, timeline, and budget. Customizing a proposal template allows for efficient iterations as new requests come in. The text indicates there are seven essential aspects to consider when creating a project proposal.