Color Woodcut is one of the main media of printmaking, Its quite different from Black and white woodcut. The process of these woodcut are same in first step, Because the first step is layout, and you have to make the layout for both media.
The main difference between these two media is, In Black and White woodcut you have to take only one print but in color woodcut you need two take more than one print, It may be 4/5/6 may be more.
Here is one downloaded picture of color woodcut