The Productivity Enhancement Capital Investment (PECI) program is a funding program administered by the Defense Productivity Program Office (DPPO). The program was established in 1979 to improve the capital stock of Department of Defense activities. It is designed to enable managers to make timely investments in equipment and facilities which increase outputs of an organization in relationship to inputs. The program has separate funding sources depending upon the cost of investment. Projects costing less than $100K are eligible for fast payback funds which are allocated by the respective military departments. The departments evaluate projects for investment criteria and dispense funds according to available resources and productivity strategies. Funding may be received within six months of a request. Projects costing more than $100K are eligible for the Productivity Investment Fund (PIF) which is administered by DPPO. There is a competitive review of projects submitted by the military departments and defense agencies prior to funding. There is a two year time lag between submission and funding. (KR)