HYPERMET PC is a user-friendly -ray spectrum analysis software package developed at Budapest, mainly for the purpose of prompt- neutron activation analysis (PGAA). The peak fitting algorithm is an improved version of the well-known HYPERMET code, and contains a partial peak-parameter calibration to describe peak shapes more accurately in the wide energy range typical for prompt- spectra. A nuclide identification routine has also been developed using a new PGAA library, shown in a parallel paper. The new module for quantitative PGAA includes all the features necessary to obtain concentration values for elements.