GlobalShaderCache file is missing when Direct X 11 SM5 is disabled for packaging

When trying to launch a .exe after disabling SM5 in the project settings, an error will appear. The global shader cache file ../../../../Engine/GlobalShaderCache-PCD3D_SM5.bin is missing.

1. Create a new project
2. Edit > Project Settings > Windows > Target RHIs
3. Uncheck the DirectX 11 (SM5)
4. File > Package > Windows 64-bit

Results: The project does not open, an error occurs for the globalshadercache file missing.
Expected Results: The project should be able to run without error

The global shader cache file is missing

Project Runs in Editor but Crashes with Assertion/Access Violation After Packaging