Stairs, Lyne & Shemar have found that arrival time residuals from PSR B1828-11 vary periodically with a period of 500 days. This behavior can be accounted for by precession of the radiopulsar, an interpretation that is reinforced by the detection of variations in its pulse profile on the same timescale. Here, we model the period residuals from PSR B1828-11 in terms of precession of a triaxial rigid body. We include two contributions to the residuals: (i) the geometric effect, which arises because the times at which the pulsar emission beam points toward the observer varies with precession phase; (ii) the spindown contribution, which arises from any dependence of the spindown torque acting on the pulsar on the angle between its spin and magnetic axes. We use the data to probe numerous properties of the pulsar, most notably its shape, and the dependence of its spindown torque on the angle between its spin and magnetic axes, for which we assume a sum of a spin-aligned component (with a weight 1-a) and a dipolar component perpendicular to the magnetic beam axis (weight a), rather than the vacuum dipole torque (a=1). We find that a variety of shapes are consistent with the residuals, with a slight statistical preference for a prolate star. Moreover, a range of torque possibilities fit the data equally well, with no strong preference for the vacuum model. In the case of a prolate star we find evidence for an angle-dependent spindown torque. Our results show that the combination of geometrical and spin-down effects associated with precession can account for the principal features of PSR B1828-11s timing behavior, without fine tuning of the parameters.