Issue php7.4 not registered - issue with plesk

[Hayes]

Hello
I have installed php7.4 in plesk through add remove components, php 7.4 is available in hosting account, When I try to set default php

sudo update-alternatives --set php /usr/bin/php7.4

I am getting this error message

update-alternatives: error: alternative /usr/bin/php7.4 for php not registered;

Also when I check php -v only php7.2 is showing

# php -v
PHP 7.2.24-0ubuntu0.18.04.6 (cli) (built: May 26 2020 13:09:11) ( NTS )
Copyright (c) 1997-2018 The PHP Group
Zend Engine v3.2.0, Copyright (c) 1998-2018 Zend Technologies
with the ionCube PHP Loader + ionCube24 v10.4.0, Copyright (c) 2002-2020, by ionCube Ltd.
with Zend OPcache v7.2.24-0ubuntu0.18.04.6, Copyright (c) 1999-2018, by Zend Technologies

 

[IgorG]

Plesk php7.4 binary located in /opt/plesk/php/7.4/bin/php but not in /usr/bin/php7.4