The projector-augmented wave (PAW) method proposed by Blochl is an all-elec
tron ab initio approach to electronic structure calculations. Using a local
basis set expansion, the LSDA wave function is mapped onto a smooth image
which can be treated with a plane wave basis set. of a practical size. We d
iscuss our implementation of this approach and its application to the calcu
lation of the bending properties of several second row and transition metal
diatomic molecules. Comparisons are made between PAW and other methods. Ou
r results for binding energy, bond length, and vibration frequency indicate
that the accuracy of the PAW method is similar to that of local basis and
finite grid methods. The convergence with respect to number of plane waves
is sufficient that practical calculations are possible even for systems whi
ch would be difficult to treat with pseudopotential methods. For example, f
or the F-2 and Fe-2 dimers the bonding energy is converged with a 60 Ry cut
off in the plane wave expansion. The local basis contributions that appear
in the theory can be precomputed, and therefore, the overhead typically ass
ociated with the local basis method is greatly reduced. For a fixed size of
the plane wave basis set the execution times of the PAW method are similar
to those of plane wave pseudopotential methods.