I had never seriously edited a project before, so this was new ground. It's satisfying to imagine shaping a sculpture in the editing phase. I need to get the larger features right before the fine detail work and eventually the final polish.
I started by rereading the whole draft on my eReader and took notes as a reader. For each chapter, I recorded my impressions and my reactions/ideas, using pencil and paper. Switching up the medium helps me take off my critical editor hat who told me last time to throw the whole thing out and restart. I did not want to throw the whole thing out and restart again.
Huzzah! It wasn't bad! I expanded on some ideas, named and color-coded some plot threads I wanted to add or strengthen, and created broad notes for things I wanted to change in each chapter. At the same time, I struck out chapters and added new ones in this new outline.
So here I go! I'm also trying to cut a few tens of thousands of words. It can be really satisfying to cut, cut, cut — Hah! I don't have to edit you later because you're gone! But as nice as that is... I also really like to write. It's a balance.