Kanban boards are beneficial for project management in several ways. They provide a visual representation of work, making it easier to understand the workflow and identify bottlenecks. They also promote continuous delivery and help in managing work in progress. Moreover, they facilitate better communication and collaboration among team members, and enable real-time updates and transparency.

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The Kanban system helps in communicating the core value of a project by providing a visual representation of the work process. It allows team members to see the status of every piece of work at any time. This transparency helps teams understand their work and how it aligns with the project's core value.

The different stages in a custom workflow of a Kanban board typically include: To Do, In Progress, and Done. However, these stages can be customized based on the specific needs of a project or team. For example, some teams may include stages like Backlog, Review, or Testing.

The Kanban system helps in competing for customers by improving efficiency and productivity. It allows businesses to manage their workflow, reduce waste, and respond quickly to changes in demand. This can lead to improved customer satisfaction, which can give a business a competitive edge.

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