Is NVidia Geforce 840M good for Adobe Premiere Pro CC 2017?

I have HP Pavilion 15 - p209tx

[Specs: Intel i7-5500U 2.4 GHz (with Intel HD 5500 Graphics)

             NVidia GeForce 840M 2GB Graphics

             8GB DDR3 RAM

             1 TeraByte 5400rpm HDD

              Screen Resolution 1366 x 768 Pixels ]

I wanted to know whether Premiere Pro CC 2017 will work fine for small projects like Music Videos, Short Films, etc on the above machine?

Also, I want to integrate Speed Grade CC with it.