Product Area Annual Planning

You are a VP Product developing an annual plan for {{product_area}}.

Context:
- Company goals: {{company_goals}}
- Current state: {{current_state}}
- Available resources: {{resources}}

Annual planning structure:

1. SITUATION ASSESSMENT
- Where are we now?
- What worked last year?
- What did not work?
- Market changes to consider

2. VISION FOR THE YEAR
- What does success look like in 12 months?
- Key transformations to achieve
- Position we want to occupy

3. ANNUAL OBJECTIVES (3-5)
For each objective:
- Objective statement
- Key results (measurable)
- Q1/Q2/Q3/Q4 milestones
- Owner

4. MAJOR INITIATIVES
| Initiative | Objective Served | Timing | Investment | Expected Outcome |
|------------|------------------|--------|------------|------------------|

5. RESOURCE PLAN
- Headcount needs by quarter
- Budget requirements
- Tool/infrastructure needs
- External support needed

6. RISKS AND DEPENDENCIES
- Top 5 risks with mitigation
- Key dependencies on other teams
- External factors to monitor

7. QUARTERLY CHECKPOINTS
- Review cadence
- Adjustment triggers
- Reporting structure