diff --git a/openpype/modules/ftrack/event_handlers_user/action_applications.py b/openpype/modules/ftrack/event_handlers_user/action_applications.py
index 102f04c956..30399b463d 100644
--- a/openpype/modules/ftrack/event_handlers_user/action_applications.py
+++ b/openpype/modules/ftrack/event_handlers_user/action_applications.py
@@ -124,6 +124,11 @@ class AppplicationsAction(BaseAction):
         if not avalon_project_apps:
             return False
 
+        settings = self.get_project_settings_from_event(
+            event, avalon_project_doc["name"])
+
+        only_available = settings["applications"]["only_available"]
+
         items = []
         for app_name in avalon_project_apps:
             app = self.application_manager.applications.get(app_name)
@@ -133,6 +138,10 @@ class AppplicationsAction(BaseAction):
             if app.group.name in CUSTOM_LAUNCH_APP_GROUPS:
                 continue
 
+            # Skip applications without valid executables
+            if only_available and not app.find_executable():
+                continue
+
             app_icon = app.icon
             if app_icon and self.icon_url:
                 try:
diff --git a/openpype/settings/defaults/project_settings/applications.json b/openpype/settings/defaults/project_settings/applications.json
new file mode 100644
index 0000000000..62f3cdfe1b
--- /dev/null
+++ b/openpype/settings/defaults/project_settings/applications.json
@@ -0,0 +1,3 @@
+{
+    "only_available": false
+}
diff --git a/openpype/settings/entities/schemas/projects_schema/schema_main.json b/openpype/settings/entities/schemas/projects_schema/schema_main.json
index ebe59c7942..8c1d8ccbdd 100644
--- a/openpype/settings/entities/schemas/projects_schema/schema_main.json
+++ b/openpype/settings/entities/schemas/projects_schema/schema_main.json
@@ -82,6 +82,10 @@
                     "type": "schema",
                     "name": "schema_project_slack"
                 },
+                {
+                    "type": "schema",
+                    "name": "schema_project_applications"
+                },
                 {
                     "type": "schema",
                     "name": "schema_project_max"
diff --git a/openpype/settings/entities/schemas/projects_schema/schema_project_applications.json b/openpype/settings/entities/schemas/projects_schema/schema_project_applications.json
new file mode 100644
index 0000000000..030ed3ee8a
--- /dev/null
+++ b/openpype/settings/entities/schemas/projects_schema/schema_project_applications.json
@@ -0,0 +1,14 @@
+{
+    "type": "dict",
+    "key": "applications",
+    "label": "Applications",
+    "collapsible": true,
+    "is_file": true,
+    "children": [
+        {
+            "type": "boolean",
+            "key": "only_available",
+            "label": "Show only available applications"
+        }
+    ]
+}
diff --git a/openpype/tools/launcher/models.py b/openpype/tools/launcher/models.py
index 6c763544a9..3aa6c5d8cb 100644
--- a/openpype/tools/launcher/models.py
+++ b/openpype/tools/launcher/models.py
@@ -19,6 +19,7 @@ from openpype.lib.applications import (
     CUSTOM_LAUNCH_APP_GROUPS,
     ApplicationManager
 )
+from openpype.settings import get_project_settings
 from openpype.pipeline import discover_launcher_actions
 from openpype.tools.utils.lib import (
     DynamicQThread,
@@ -94,6 +95,8 @@ class ActionModel(QtGui.QStandardItemModel):
         if not project_doc:
             return actions
 
+        project_settings = get_project_settings(project_name)
+        only_available = project_settings["applications"]["only_available"]
         self.application_manager.refresh()
         for app_def in project_doc["config"]["apps"]:
             app_name = app_def["name"]
@@ -104,6 +107,9 @@ class ActionModel(QtGui.QStandardItemModel):
             if app.group.name in CUSTOM_LAUNCH_APP_GROUPS:
                 continue
 
+            if only_available and not app.find_executable():
+                continue
+
             # Get from app definition, if not there from app in project
             action = type(
                 "app_{}".format(app_name),