Need to upgrade BI patch update..

Dear friends,
last week we have successfully upgraded our CRM patch upgradation from 5 to 7.0
now as a BI consultant i need to suggest whether we have to upgrade the BI patch upgradation?
right now BI version is 7.0.1 need to updgrade latest patch , so kindly assist me on this
whether is it necessary to upgrade the patch updation ?
if i update this patch upgradation in BI , whether we will have any run time errors ?
is there my process chain will get disturb ?
i need to take care any errors? pls help me friends...
so that i can ask my basis consultant help to complete this task..
thanks in advance...
by
anand

Hi Team,
Thanks for the reply.
This is the first time i am applying the patches.Request the team to reply with patience.
I have doubt which patch should i apply all this patches or any one of the patch on the database side.
Request you to help me.
Oracle Database home Database 11.1.0.7 CPU Patch 14038803, or CVE-2012-1737, CVE-2012-1745, CVE-2012- Database 11.1.0.7.12 PSU Patch 13923474, or CVE-2012-1746 (Windows Only),
Microsoft Windows (32-Bit) Bundle Patch 14109867, or CVE-2012-1747 (Windows Only)
Microsoft Windows x64 (64-Bit) Bundle Patch 14109868
Oracle Database home Patch 13705478 Released April 2012 OC4J 10.1.3.3 one-off patch
Oracle CRS home CRS 11.1.0.7.7 PSU Patch 11724953 Released April 2011 Non-security content only
Oracle Database home Patch 9288120 Released April 2011 Database UIX
Oracle Database home Patch 10073948 Released April 2011 Enterprise Manager Database Control UIX
Oracle Database home Patch 11738232 Released April 2011 Warehouse Builder
And on application which patch should i download request to team to help me.I request you to tell me the patch numbers which i should download and apply.please help me.this is the first time i am applying the patches.
Thanks,
Kamal

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