Rúv News reports that survey on Iceland volcanoes and possible risk factors has already started in Iceland. It is expected that this survey is going to take about 20 years. But there is a lot of science research following this survey.
This survey is going start with the volcanoes that are closest to populated areas in Iceland and cover risk factors like volcano ash, lava flow and field, earthquake risk and so on. The list is long and so is the work ahead for the people doing this survey and study.
Rúv News about this survey