a little reading of the manual would save you time
http://dlcdnet.asus.com/pub/ASUS/mb/LGA1155/P8Z77-V_PRO/E7198_P8Z77-V_PRO.pdf
page 67
"This motherboard comes with multiple VGA output that features desktop extension on two monitors. You can connect two monitors to any two of the onboard VGA, DVI-D, HDMI and DisplayPort ports"
Still, with 3rd generation Intel processors (Ivy Bridge) we should be able to plug in 3 monitors at the same time
Why?
3rd generation Intel® Core™ processor family
Independent Digital Displays
Allows a user to connect multiple displays to the PC
3
Why?
Furthermore, Intel Z77 boards support triple monitor displays off the IGP when an Ivy Bridge CPU is used.
Also notable is the ability to use three displays at once, a feature that previously required a discrete graphics card to accomplish.