Create a Master Version of the Video
* Save the final video at the highest quality you can when exporting. This could also be what you're uploading to Youtube.
The example format is Pro Res 422 HQ.
Collect & Backup Only the Clips that Made it Into the Final Project:
Media Manage/Consolidate
This copies all footage used in the project into one folder.
In Premiere:
File > Project Manager
Choose Collect Files and Copy to a New Location
(Can choose specific sequences to do this consolidation, your final project sequence or more things, like B-roll stringers. Check the box on the right hand size to "Exclude Unused Clips".
In Final Cut Pro
File > Consolidate Library Media.
Tips referenced from:
How to Backup Video Projects and Archive Completed Videos by Justin Brown
