This paper delves into the management of space debris covering two main categories; preventive measures to mitigate space debris generation and methods for debris removal. Through a thorough review, it clarifies key aspects of outer space governance and the critical importance of effective space debris management. Space debris management methods are categorized into three main groups: prevention of debris generation, repair techniques, and collective/removal methods. Each category employs distinct approaches, which are discussed through its relevant equations and requirements. To define the requirements, two symbol spacecraft with masses of 25 and 100 kg in orbits at altitudes of 600 and 800 km are considered. This analysis aids in the selection of the most effective space debris management method for future space activities. (c) 2024 International Association for the Advancement of Space Safety. Published by Elsevier Ltd. All rights are reserved, including those for text and data mining, AI training, and similar technologies.