Today I have finished the capturing and renaming phase after a whole week working after hours. I've discarded all the completly useless clips and each time saved between 1-3GB of disk space when copying the clips to a new location from Premier's Project Manager.

After completing this phase I've basically watched at all the video and am now ready to start the actual editing phase. My only doubt at this point is whether the step just completed was really necessary and whether starting to edit immediately would have saved time. For starters though I found the clip renaming useful when this afternoon my movie star wanted to watch some specific clips and unlike usual I was able to please her immediately. Apart from this I am also feeling a sense of achievement after completing this phase, something I wouldn't dream of thinking about if I were to have started editing directly.