Consider the ROI—or the return on your time investment—before applying for a federal grant. As you read a grant’s description, pay attention to the number of projects that will be funded. Is the department funding 50 or 60 projects or is it highly competitive with less than ten awards? If it’s less than ten, think hard about the project you want funded weighed against your available staff resources to complete the application. When it’s that competitive, the time you spend preparing the application might be better used going after a different grant.