Measure the area to calculate the number of plywood sheets you'll need, with a measuring tape. Get the length and width of the room and write this measurement down. Plywood typically is sized in sheets of 4-by-4 feet, or 4-by-8 feet. Determine how many full planks will be necessary, and whether you'll need to cut any to fit.
Cut plywood panels to fit with a circular saw. Move the wood through the saw slowly to avoid creating a jagged edge.
Find the floor joists with a stud finder. Unless you can easily spot the nails used to connect the particle board to the joists, a stud finder will be necessary. Wave it over the floor and mark the spots that are indicated as joists.
Nail the plywood down over the particleboard. Use flooring nails at a rate of one every 8 to 12 inches on each stud. When you lay down a new sheet, match the seams up as closely as possible so there are no gaps between the sheets.