Very nice post for all the latest SP & CU of SharePoint, Project Server and other technologies.
Steps in install:
1. Stop the IISAdmin and SPTimerV4 service
2. Stop IIS Admin and Timer Services if they are running
3. Stop the Search Service Application
4. Stop Search Services
5. Runs the patch files (SharePoint and Project Server both can be installed before step 6).
6. Run configuration wizard
Note: SP will take around 30 mins, while PS will take around 10 mins to install, only if you have turned off the above-mentioned services, else it would take around 4-5 hours to complete.