To configure records management in SharePoint Server 2007, you begin by defining the content types that will be used to classify records throughout your enterprise. You then create a site based on the Records Center site template and configure the methods you will use to route documents to this site after they have been classified. Finally, you create information policies within the Records Center site to apply the rules dictated in the file plan. The following is a summary of the steps you will follow:
Create content types, and deploy them as site content types or features.
Create a separate Web application to host the Records Repository.
Create a new site collection in the Web application ...