QA Concepts Question:
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How to know that we have to use which tool for this project?

Answer:

Tools are decided by Management i.e., the company you work
for. since some tools require budge. Some tools can be
downloaded from online and free to use.

Depends on the Project - if the project has any future
releases - a test management tool is necessary and for the
regression purposes, an automated tool is necessary to
execute regression scripts.
If the project is used by a large number of users, to know
the performance of the designed application a performance
test tool is necessary.

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