The best workflow I've used that addresses this problem is the use of a duplicated guide file. On a high level, you are duplicating an image, applying layer adjustments to the smaller image, and then scaling those adjustments to the master file.
Pros: You can work faster and lightweight, there is less crashes, easier modifications.
Cons: You can't modify pixels and you can only use adjustment layers. Pixels modifications must be done on the master file.
Here's how you can improve your workflow for large scale
- Duplicate the file and decrease the image size so that the file size is manageable. This is usually in the 200mb - 300mb range, which should be easily handled by most computers. This duplicated file would be your guide file.
- Apply expressive adjustments. These are layer adjustments that can be found under Layer -> New Layer Adjustments
- When you are ready to apply those adjustments to the master file you want to upscale your guide file to match the same exact dimensions as your master file. For example, in your case if you are working with a 7" x 6.483" guide file, you would then scale back to the 98" x 90" dimensions. This will cause some interpolation, but it won't be a problem because you are getting rid of the upscaled image.
- You then replace the blurry image with the image from the master file and the adjustments should be equivalently applied to the master file.
- You could then apply pixel adjustments like cropping, sharpening, etc. if you needed to.
It should be noted that aside from getting a ridiculously better and mind-numbingly faster computer, which is highly recommended, you should also consider your viewer in this process. From what distance will they be viewing your banner? This is a significant question because it can change the ppi considerations. As @Alan Gilbertson answered here, the suggested dimensions for a 4 x 6 meter billboard are under 30ppi/dpi. Although I understand your banner is considerably smaller, it might make sense to lower your ppi to a more reasonable number throughout the modification process. This would help your file size and workflow considerably as well.