UFT does not recognize the object GUI in ALM due to the proprietary toolkit used, which has been a long existing problem for UFT automation of ALM. You will want to take a look at using the OTA API of ALM to work with ALM, and MicroFocus has extensive documentation on how to do this:
https://admhelp.microfocus.com/alm/api_refs/ota/Default.htm
https://admhelp.microfocus.com/alm/api_refs/ota/Content/ota/topic4.html
https://sumeetkushwah.com/2015/03/19/connecting-almqc-using-hps-otaopen-test-architecture-api/
And this may be somewhat helpful as well:
https://vishwasshenoy.wordpress.com/2018/10/16/updatingalm/