Anatomy of an NSF proposal

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My basic rule-of-thumb is:

Budget

I don't think I've seen a proposal killed because of an excessive budget (or a too small one), but it will result in reviewers making nasty comments about you to each other. Just remember that anyone who has a substantial role in the project should have commensurate funding. If you lay out a time-line with research problems and people assigned to them, then that should serve as a check on whether or not you have too many/too few people.

NSF will probably cut your budget anyhow.