Our subfloor is made up of 2" furring strips, 1.5" foam board insulation (R-value 7.5), and 0.5" OSB
The steps were pretty easy and we were suprised by how quickly we got work done.
One day and done! Just kidding, the next day we came back and added more foam board insulation in the gaps between the floor and the windows. And then we painted the OSB with 2 coats of a sealant (KILZ 2)