Administrator
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You can do it all in one-go (if you have the required downtime availability)
If you don't have that tolerance for the downtime, you may go with upgrading the DB first.. (this is what I recommend if you will do this task partially) Note that; in that case, you will do your test 2 times.. The project will be 2 phases and you will do your tests 2 times, one time for the DB upgrade and one time for the Application upgrade.
Recently did the same upgrade. We had a 64 hours downtime and upgraded both the database to 19C and Apps to 12.2.11 in one go.
So it depends on your requirements and choices.
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