"Failed to open descriptor file" error while trying to open standalone .exe (packaged)

See the image:

https://forums.unrealengine.com/attachment.php?attachmentid=52030&d=1439227900

however if i select to package for development another error pops:

Why all these errors? and
isnt the packaging supposed to cook the files already?

If you cant see the images just zoom your browser as they are high resolution