The more I play with Final Cut Pro X, the more apparent it becomes that the program is built around data/media management. Yesterday, I posted an article about the Sharing inspector, which essentially is a management tool for exported/shared content.
For Events and Projects, Final Cut Pro X has a move feature to move files around to different hard drives. In previous versions, this would require you to go to Finder and manually projects on your own or use the Media Manager to automate things. In Final Cut Pro X, you simply select your Events Library that you want to move then go to File > Move Events.
The beauty of this goes even further since this too runs in the background. You can continue to edit your project as files copy over to another hard drive. As soon as the files are done copying, it will delete the files on the original hard drive and let you work off the new hard drive you copied the files over to.
This same function is also available for projects. Simply select your project window and go to File. What was the Move Events selection magically transformed into the Move Projects option.
With moving projects, you get an added feature of being able to move your referenced events along with it. This makes it really easy to take your work on the go and have somebody else with Final Cut Pro X work on your projects and bring it back to your system to continue more work.