In Final Cut Pro 10.1, you edit in a timeline. Just as in previous versions of Final Cut Pro, there are two types of timelines, Project timelines and Compound Clip timelines. Every Project equals a single timeline.
In prior versions of Final Cut Pro, I mainly used Compound Clip timelines to eliminate using a two folder system,one folder for Events and one folder for Projects. Working with a single Event folder usingCompound Clip timelinesmade media management and archiving much simpler.
The Final Cut Pro team changed 10.1 to a similar one folder system with Libraries. But even with 10.1's single Library system, I still find myself using Compound Clip timelines along with Project timelines. In this tutorial I go over some of the advantages of using each kind of timeline.