We are using internal tool Protrack for defect management.
With this we can testers enter bugs to the respective 
project team members who are related to the project

The ways to follow defect management are 
1. test plan (what will be defect management system followed
in the project)
2.Afetr the Test case execution over we can post the defects
in template followed by a company in the company

If im worng pls correct me!

Muralidharan

dharanmu@yahoo.com

Defects can be managed in two ways. Entering the defect 
findings in the defect management tool by project wise. And 
also defects can be managed by preparing the Defect Reports 
which contains the defects during test cycle.

Defect tracking is very easy if you use any defect tracker.