Þórður Víkingur Friðgeirsson, Assistant Professor

School:School of Technology / Department of Engineering 
Location:Nauthólsvík, Venus, 2nd floor 


2000. Aalborg University, MSc - Industrial Engineering

RU teaching record

2021-1T-706-INT1Internship in Engineering I
2021-1T-706-INT2Internship in Engineering II
2021-1T-305-PRMAProject Management
2021-1T-803-VERKProject Management and Strategic Planning
2020-3T-800-STARInternship in MSc Engineering
2020-1T-600-STARInternship in BSc Engineering
2020-1T-305-PRMAProject Management
2020-1T-803-VERKProject Management and Strategic Planning
2019-3T-603-AKVADecision Analysis for Management
2019-3T-200-ERASErasmus+ Training on Decision Making and Leadership
2019-3T-100-HUGMBrain Storming
2019-3T-102-VERKIntroduction to Engineering
2019-3BF VER3003Project Management, Scheduling and Finance in Projects
2019-1T-200-ERASErasmus+ Training on Decision Making and Leadership
2019-1T-305-PRMAProject Management
2019-1T-803-VERKProject Management and Strategic Planning
2018-3T-603-AKVADecision Analysis for Management
2018-3T-100-HUGMBrain Storming
2018-3AT TÆK1002Introduction to Engineering Design
2018-3T-102-VERKIntroduction to Engineering
2018-3T-629-INDEIndependent Project
2018-1T-629-INDEIndependent Project
2018-1T-880-VMGAProject Management in Different Business Sectors
2018-1T-803-VERKProject Management and Strategic Planning


A research study in collaboration with Ministry of Finance, Directorate of Transport, Icelandic Maritime Administration and Government Construction Contracting Agency. The life span of this study is 2-3 years. The outcome will be a forecast model to project risk and a set of guidelines to improve decisions, planning and progress tracking of public funded projects.
As part of this study, but though stand alone project,  a benchmark analysis is conducted on seven large energy and construction projects regarding disciplines of Risk Management in the planning and execution of projects. This will establish the gap between applied practices (as is) and best practices (to be).
A research study in collaboration with Ministry of Foreign Affairs, Arctic Portal and IASC on the economical possibilities of Iceland, and other locations in the North Atlantic, due to increased industrial activities at the east coast of Greenland and the west coast of Russia and Norway. This will lead to increased maritime activity in the North and the forming of new strategies and forecast models to evaluate the econmical possibilites and threats dervived from the melting of the ice cap in the Arctic Ocean. The life span of this study is 2-4 years.

Subject field

Project Management

Risk Management

Decision Analysis

Business relations

 Board member of several private companies.

Active participant and consultant in several entrepreneur projects and programs.


Fridgeirsson, Thordur Vikingur. Risk, Decisons and Uncertainty (Áhætta, óvissa og ákvarðanir): Decisons under Uncertainty, JVP Publishing April 2008. ISBN 978-9979-656-70-8
 Fridgeirsson, Thordur Vikingur. Management in imes of Changes and Agility (Stjórnun á tímum hraða og breytinga), JPV Publishing April 2003. ISBN 9979-775-46-7 8
Fridgeirsson, Thordur Vikingur. How to Reduce Cost overruns in Public funded Projects. Chamber of Commerce September 2008. ISBN:978-9979-9795-7-9 8
Latest conference papers:
T. V. FRIDGEIRSSON; THE USE OF REFERENCE CLASSES TO FORECAST RISK AND UNCERTAINTY IN ICELANDIC PROJECTS. Proceedings of 5th Nordic Conference on Construction Economics and Organisation. Reykjavík University, Iceland10-12 June 2009. Vol II pp 118-125.
Fridgeirsson, Thordur Vikingur. Improving the art of Project Management by applying procedures of Risk Management and Decision Analysis. Conference NORDNET 2007 Projects Under Risk, 2007. Icelandic Project Management Association