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Select the project timeline that you want to backup in the Project Window

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Go to >File>Project Manager

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Choose the sequence you want to backup

Resulting Project will be to Consollidate and Transcode

Options:
choose to
Exclude Unused Clips

Include Handles ex: 150 frames

Rename Media Files to Match clip Names

Preserve Alpha if you have GFX files

Browse to the location you want to back the files up to

Make a New folder on the hard drive so it is more organized

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Select the folder and click on "Choose"

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You can click on Calculate to tell you how much disk space the backup will need.
Then click OK to start the backup

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Save the project by clicking Yes here

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Project Manager will start backup process

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To test the backup unmount all the original drives except the one with the backup on it and open the premiere

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