The scheduler can also backup your projects for you automatically, so you can rest assured that you always have a backup copy in case of emergency. When you choose to create an "backup" task in the scheduler wizard, you have three options:

The wizard will take you through the same steps as when updating a project. The only difference is that instead of an update, your project will be archived to take less space and then stored in a special folder called "backup", inside the data folder.