No. Creative Cloud lets you install each app individually whenever it works best for you. Mix and match and install whatever you want.
That's great but, I installed 3 apps, then had work to do and closed the Adobe Application Manager. Launched it to install another app but now it only shows all applications are up to date.
How do I get the list of available applications back as it was before I closed AAM?
Did you add it too your dock? You will want to launch the Adobe Application Manager from the Applications folder. For more details please see Creative Cloud | Opening the Adobe Application Manager prompts to check for updates - http://helpx.adobe.com/creative-suite/kb/aam-check-updates.html.
From the application list view (install, installed, launch) there is no update information. Quitting the application then launching from dock presents the updates window but no option to install apps. Seems broken to me, this can't be the desired behavior.
Thanks for the follow up though, at least now I know how to work around it.
We are working to resolve this issue in a future version of the Adobe Application Manager. For the moment it is is necessary as the Alias/Shortcut sends over additional commands to the Adobe Application Manager when invoked. You can add the alias to your dock if you wish. Although you will have duplicate icons when it is launched.